Seeking Alpha

The squeeze is on at Abercrombie & Fitch

Shares of Abercrombie & Fitch (ANF) are setting up for a short squeeze after the retailer showed some signs of life with its FQ1 report.

Traders have their eyes on volatility today with short interest at over 20% of shares outstanding.

On the fundamental side, A&F drove some traffic with promotions and managed to improve its inventory position in relation to other teen retailers. Though the company's margins dropped precipitously during the recent quarter, analysts had expected the annual guide to be a bit worse.

ANF +7.4% premarket.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs