American Apparel Short Interest Down 4.0% in August (APP)
Shares of American Apparel (NYSE:APP) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 13,387,266 shares, a drop of 4.0% from the July 31st total of 13,950,213 shares, Stock Ratings Network reports. Currently, 14.1% of the shares of the company are short sold. Based on an average daily volume of 1,593,447 shares, the short-interest ratio is presently 8.4 days.
Separately, analysts at Standpoint Research reiterated a “buy” rating on shares of American Apparel in a research note on Thursday, July 10th. They now have a $2.00 price target on the stock.
American Apparel (NYSE:APP) opened at 1.02 on Wednesday. American Apparel has a 52 week low of $0.46 and a 52 week high of $1.60. The stock’s 50-day moving average is $0.99 and its 200-day moving average is $0.7. The company’s market cap is $177.6 million.
American Apparel (NYSE:APP) last announced its earnings results on Monday, August 18th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.03. The company had revenue of $162.40 million for the quarter, compared to the consensus estimate of $162.20 million. Analysts expect that American Apparel will post $-0.25 EPS for the current fiscal year.
American Apparel, Inc is a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel.
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