I Just Shorted Abercrombie & Fitch Stock After Rising 1,430% Since The Pandemic And Is Now Overpriced


  • Abercrombie & Fitch stock hit a 52-week high of $146.31 on May 20 and is up 1,430% since March 2020.
  • Investors are pricing the stock, expecting interest rates to drop.
  • The stock price is too high because I am expecting interest rates to remain higher for much longer.
  • This has been a risky momentum trade lately.

Abercrombie & Fitch store

Sundry Photography/iStock Editorial via Getty Images

Fashion retailer Abercrombie & Fitch Co. (NYSE:ANF) stock price has risen 1,430% since its low at the start of the pandemic in March 2020, but it is now overpriced trading with a P/E of

Analyst’s Disclosure: I/we have a beneficial short position in the shares of ANF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am also short LULU.

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