Short Interest in bebe stores, inc. (BEBE) Drops By 35.0%
bebe stores, inc. (NASDAQ:BEBE) was the recipient of a large decline in short interest in October. As of October 13th, there was short interest totalling 815,095 shares, a decline of 35.0% from the September 29th total of 1,253,514 shares. Approximately 35.8% of the shares of the company are short sold. Based on an average daily volume of 74,083 shares, the days-to-cover ratio is currently 11.0 days.
In other news, major shareholder Lloyd I. Miller III bought 22,456 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $5.00 per share, with a total value of $112,280.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders have bought 25,600 shares of company stock valued at $127,892. Insiders own 59.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in bebe stores, inc. by 1.3% in the second quarter. Vanguard Group Inc. now owns 99,760 shares of the company’s stock worth $593,000 after acquiring an additional 1,300 shares in the last quarter. Renaissance Technologies LLC raised its position in bebe stores, inc. by 6.2% in the first quarter. Renaissance Technologies LLC now owns 230,830 shares of the company’s stock worth $907,000 after acquiring an additional 13,400 shares in the last quarter. Royce & Associates LP raised its position in bebe stores, inc. by 43.3% in the first quarter. Royce & Associates LP now owns 352,355 shares of the company’s stock worth $1,367,000 after acquiring an additional 106,394 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in bebe stores, inc. in the second quarter worth $856,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.
Shares of bebe stores, inc. (BEBE) opened at 5.56 on Friday. The company has a 50-day moving average of $5.32 and a 200 day moving average of $5.26. bebe stores, inc. has a one year low of $3.02 and a one year high of $7.00. The stock’s market cap is $45.01 million.
Separately, ValuEngine lowered shares of bebe stores, inc. from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
About bebe stores, inc.
bebe stores, inc. designs, develops and produces a range of contemporary women’s apparel and accessories. The Company’s product offering includes a range of separates, tops, dresses, active wear and accessories for a range of occasions. It designs and develops its merchandise in-house, which is manufactured to its specifications and it also sources directly from third-party manufacturers.
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