The Ascena Retail Group Inc (ASNA) Sees Large Increase in Short Interest

The Ascena Retail Group Inc (ASNA) Sees Large Increase in Short Interest

A number of large investors have recently modified their holdings of ASNA. Capstone Investment Advisors LLC acquired a new stake in shares of Ascena Retail Group during the fourth quarter worth $114,000. Waratah Capital Advisors Ltd. acquired a new stake in shares of Ascena Retail Group during the fourth quarter worth $130,000. BlueCrest Capital Management Ltd increased its stake in shares of Ascena Retail Group by 196.6% in the first quarter. BlueCrest Capital Management Ltd now owns 36,405 shares of the specialty retailer’s stock worth $155,000 after buying an additional 24,132 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Ascena Retail Group during the fourth quarter worth $165,000. Finally, Highbridge Capital Management LLC increased its stake in shares of Ascena Retail Group by 13,454.5% in the fourth quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer’s stock worth $167,000 after buying an additional 26,909 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Ascena Retail Group Inc (NASDAQ:ASNA) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 44,239,951 shares, an increase of 7.9% from the April 28th total of 40,994,346 shares. Currently, 28.9% of the company’s shares are short sold. Based on an average trading volume of 3,110,939 shares, the days-to-cover ratio is currently 14.2 days.

Ascena Retail Group (NASDAQ ASNA) opened at 1.83 on Monday. Ascena Retail Group has a 12 month low of $1.65 and a 12 month high of $9.11. The firm has a market capitalization of $350.79 million, a price-to-earnings ratio of 50.83 and a beta of 1.93. The company has a 50 day moving average price of $3.10 and a 200 day moving average price of $4.79. Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, March 6th. The specialty retailer reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Ascena Retail Group had a return on equity of 4.50% and a net margin of 0.29%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. Analysts anticipate that Ascena Retail Group will post $0.13 earnings per share for the current fiscal year.

Ascena Retail Group Company Profile Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ASNA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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