Short Interest Coverage: Sequential Brands Group Incorporated (NASDAQ:SQBG) Can’t Be More Risky. Short Interest Increased

November 16, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Coverage: Sequential Brands Group Incorporated (NASDAQ:SQBG) Can't Be More Risky. Short Interest Increased

The stock of Sequential Brands Group Incorporated (NASDAQ:SQBG) registered an increase of 7.24% in short interest. SQBG’s total short interest was 5.31 million shares in November as published by FINRA. Its up 7.24% from 4.95 million shares, reported previously. With 204,100 shares average volume, it will take short sellers 26 days to cover their SQBG’s short positions. The short interest to Sequential Brands Group Incorporated’s float is 13.56%. About 84,276 shares traded hands. Sequential Brands Group Inc (NASDAQ:SQBG) has declined 5.74% since April 14, 2016 and is downtrending. It has underperformed by 10.43% the S&P500.

Sequential Brands Group, Inc. owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The company has a market cap of $370.48 million. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. It currently has negative earnings. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

Sequential Brands Group Inc (NASDAQ:SQBG) Ratings Coverage

Out of 5 analysts covering Sequential Brands Group (NASDAQ:SQBG), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sequential Brands Group has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, November 23 by Roth Capital. The firm has “Buy” rating by TH Capital given on Thursday, December 17. TH Capital maintained the shares of SQBG in a report on Monday, November 23 with “Buy” rating. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) earned “Overweight” rating by Piper Jaffray on Wednesday, December 23. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) has “Buy” rating given on Tuesday, June 21 by Brean Capital. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) earned “Buy” rating by Canaccord Genuity on Wednesday, August 12.

SQBG Company Profile

Sequential Brands Group, Inc., incorporated on June 5, 2015, owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Jessica Simpson, AND1, Avia and Ellen Tracy. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods. The Firm licenses brands to both wholesale and direct-to-retail licensees.

More recent Sequential Brands Group Inc (NASDAQ:SQBG) news were published by: Globenewswire.com which released: “Sequential Brands Group to Present at Canaccord Genuity Growth Conference” on August 03, 2016. Also Globenewswire.com published the news titled: “Sequential Brands Group Expands Martha Stewart Brand to Korea” on September 27, 2016. Finance.Yahoo.com‘s news article titled: “Sequential Brands Group Appoints Andrew Cooper as President” with publication date: August 22, 2016 was also an interesting one.

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By Nellie Frank


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