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.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/28/short-interest-in-bebe-stores-inc-bebe-drops-by-35-0.html.

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.

Receive News & Ratings for bebe stores inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for bebe stores inc. and related companies with MarketBeat.com's FREE daily email newsletter.