ASX debut darling faces short selling pressure after disappointing sales updates
Investors are souring on Guzman y Gomez, the Mexican-themed restaurant chain that became last year’s hottest stock, and are increasingly betting the company will miss ambitious sales and store growth targets.
After soaring to $45.32 per share in February, the burrito chain’s stock has slid closer to the $22 it was offered in June last year when it debuted on the ASX. It briefly reached that price in August, but has climbed to $25.44, remaining well below the growth of the broader S&P/ASX 200.
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