boohoo group plc (OTCMKTS:BHOOY) Short Interest Update

boohoo group plc (OTCMKTS:BHOOYGet Rating) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 900 shares, a drop of 18.2% from the August 15th total of 1,100 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on boohoo group from GBX 70 ($0.85) to GBX 67 ($0.81) in a research note on Friday, June 17th. Royal Bank of Canada lowered their price objective on boohoo group from GBX 80 ($0.97) to GBX 65 ($0.79) in a research note on Friday, June 17th. Barclays lowered their price objective on boohoo group from GBX 45 ($0.54) to GBX 37 ($0.45) in a research note on Tuesday, August 30th. JPMorgan Chase & Co. lowered boohoo group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, June 21st. Finally, Exane BNP Paribas lowered boohoo group from an “outperform” rating to a “neutral” rating and set a GBX 60 ($0.72) price objective for the company. in a research note on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, boohoo group presently has a consensus rating of “Hold” and a consensus price target of $90.14.

boohoo group Trading Down 8.3 %

Shares of OTCMKTS BHOOY opened at $9.63 on Monday. The business’s 50 day moving average price is $13.37 and its 200-day moving average price is $18.13. boohoo group has a fifty-two week low of $9.63 and a fifty-two week high of $76.00.

About boohoo group

(Get Rating)

boohoo group plc, through its subsidiaries, operates as an online clothing retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company designs, sources, markets, and sells clothing, shoes, accessories, and beauty products for 16-to-45-year age customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands.

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