Short sellers turn attention to fast fashion

Cineworld slips from crosshairs

Short sellers have shifted their sights to fast fashion giants Boohoo and ASOS as the retailers top the table of most shorted UK listed companies, according to new analysis from GraniteShares.

Boohoo was the most shorted stock in the UK as of 26 August 2022, with 8.22% of its stock held short by ten separate funds, while ASOS came in third place, as short sellers held 6% of its stock across six funds. 'Boohoo's risks are already priced in': Fashion on the wrong side of ESG Fast fashion has featured regularly in the news, particularly in light of its poor ESG credentials. Last month, Morningstar revealed the sector, which produces greater emissions than all international flights and maritime shipping combined, was a laggard across climate change, human rights and business et...