Kate Spade & Co Short Interest Up 55.6% in July (KATE)
Kate Spade & Co (NYSE:KATE) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 7,440,534 shares, an increase of 55.6% from the July 15th total of 4,781,948 shares, StockRatingsNetwork reports. Currently, 5.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,281,580 shares, the days-to-cover ratio is currently 5.8 days.
Shares of Kate Spade & Co (NYSE:KATE) opened at 32.66 on Tuesday. Kate Spade & Co has a 1-year low of $22.99 and a 1-year high of $42.87. The stock has a 50-day moving average of $37.33 and a 200-day moving average of $35.70. The company has a market cap of $4.144 billion and a price-to-earnings ratio of 19.18.
Kate Spade & Co, formerly Fifth & Pacific Companies Inc, designs and markets a portfolio of retail-based, premium brands, including JUICY COUTURE, KATE SPADE and LUCKY BRAND.
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