Short Interest in Destination Maternity Corporation (DEST) Rises By 52.7%
Destination Maternity Corporation (NASDAQ:DEST) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 960,691 shares, a growth of 52.7% from the August 15th total of 629,030 shares. Currently, 8.2% of the shares of the company are sold short. Based on an average trading volume of 115,608 shares, the days-to-cover ratio is presently 8.3 days.
Destination Maternity Corporation (DEST) opened at 1.38 on Friday. Destination Maternity Corporation has a 1-year low of $1.02 and a 1-year high of $8.42. The company’s market cap is $19.30 million. The stock’s 50 day moving average price is $1.30 and its 200 day moving average price is $3.33.
Destination Maternity Corporation (NASDAQ:DEST) last posted its quarterly earnings data on Thursday, September 7th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $98.28 million for the quarter. Destination Maternity Corporation had a negative net margin of 9.38% and a negative return on equity of 10.14%. On average, equities analysts anticipate that Destination Maternity Corporation will post $1.17 earnings per share for the current fiscal year.
In other news, major shareholder & Co Towle sold 565,159 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $1.38, for a total transaction of $779,919.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.95% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Gabelli Funds LLC increased its position in Destination Maternity Corporation by 14.7% in the first quarter. Gabelli Funds LLC now owns 38,940 shares of the company’s stock worth $166,000 after buying an additional 5,000 shares in the last quarter. S. Muoio & CO. LLC increased its position in Destination Maternity Corporation by 94.7% in the second quarter. S. Muoio & CO. LLC now owns 317,576 shares of the company’s stock worth $1,026,000 after buying an additional 154,434 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its position in Destination Maternity Corporation by 46.2% in the first quarter. First Heartland Consultants Inc. now owns 115,900 shares of the company’s stock worth $494,000 after buying an additional 36,600 shares in the last quarter. Institutional investors and hedge funds own 49.64% of the company’s stock.
Destination Maternity Corporation Company Profile
Destination Maternity Corporation, formerly Mothers Work, Inc is a designer and retailer of maternity apparel in the United States. The Company operates a chain of maternity apparel specialty stores. The Company operates through the design, manufacture, and sale of maternity apparel and related accessories segment.
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