Short Interest Runner: Stage Stores Incorporated (NYSE:SSI) Can’t Be Less Risky. Short Interest Decreased

November 16, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Runner: Stage Stores Incorporated (NYSE:SSI) Can't Be Less Risky. Short Interest Decreased

The stock of Stage Stores Incorporated (NYSE:SSI) registered a decrease of 1.22% in short interest. SSI’s total short interest was 5.71M shares in November as published by FINRA. Its down 1.22% from 5.78M shares, reported previously. With 330,900 shares average volume, it will take short sellers 17 days to cover their SSI’s short positions. The short interest to Stage Stores Incorporated’s float is 26.7%. About 412,323 shares traded hands or 23.00% up from the average. Stage Stores Inc (NYSE:SSI) has declined 26.05% since April 14, 2016 and is downtrending. It has underperformed by 30.73% the S&P500.

Stage Stores, Inc. operates specialty department stores mainly in small and mid-sized towns and communities. The company has a market cap of $154.95 million. The Company’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. It currently has negative earnings. The Firm operates approximately 830 specialty department stores in over 40 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and a direct-to-consumer business.

Insitutional Activity: The institutional sentiment decreased to 0.58 in Q2 2016. Its down 0.11, from 0.69 in 2016Q1. The ratio dropped, as 22 funds sold all Stage Stores Inc shares owned while 49 reduced positions. 15 funds bought stakes while 26 increased positions. They now own 25.52 million shares or 9.63% less from 28.23 million shares in 2016Q1.
Arizona State Retirement Sys has invested 0% of its portfolio in Stage Stores Inc (NYSE:SSI). Virginia Retirement Sys Et Al last reported 0% of its portfolio in the stock. Geode Mngmt Llc has 195,976 shares for 0% of their US portfolio. Prudential, a New Jersey-based fund reported 201,740 shares. Kbc Group Nv last reported 88,889 shares in the company. Moreover, Quantbot Techs Limited Partnership has 0% invested in Stage Stores Inc (NYSE:SSI) for 4,400 shares. The Minnesota-based Us Comml Bank De has invested 0% in Stage Stores Inc (NYSE:SSI). Wellington Management Grp Llp last reported 0% of its portfolio in the stock. New York State Common Retirement Fund holds 0% of its portfolio in Stage Stores Inc (NYSE:SSI) for 12,900 shares. State Of Tennessee Treasury Department last reported 25,399 shares in the company. Northern Tru Corporation last reported 389,361 shares in the company. Automobile Association owns 485,190 shares or 0.01% of their US portfolio. First Trust Advisors Lp last reported 0% of its portfolio in the stock. Keeley Asset holds 0.02% or 106,950 shares in its portfolio. Teacher Retirement Systems Of Texas last reported 4,344 shares in the company.

Insider Transactions: Since May 20, 2016, the stock had 3 insider purchases, and 0 sales for $99,654 net activity. GLAZER MICHAEL L also bought $48,500 worth of Stage Stores Inc (NYSE:SSI) on Monday, May 23. 4,000 shares were bought by Parsons Stephen B, worth $19,654 on Monday, May 23. 15,000 shares with value of $71,660 were bought by HESTERBERG EARL J on Friday, May 20. $31,500 worth of Stage Stores Inc (NYSE:SSI) shares were bought by LUNDY RUSS II. $25,480 worth of shares were bought by STASYSZEN RICHARD E on Friday, May 20.

Stage Stores Inc (NYSE:SSI) Ratings Coverage

Out of 8 analysts covering Stage Stores (NYSE:SSI), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Stage Stores has been the topic of 16 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Telsey Advisory Group downgraded the shares of SSI in a report on Thursday, November 19 to “Market Perform” rating. Bank of America downgraded Stage Stores Inc (NYSE:SSI) rating on Friday, August 21. Bank of America has “Underperform” rating and $12 price target. B. Riley & Co downgraded the stock to “Neutral” rating in Friday, August 21 report. The company was downgraded on Thursday, August 13 by Sterne Agee CRT. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, May 20. The firm has “Underperform” rating by Bank of America given on Monday, August 24. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, August 21 report. TheStreet downgraded the stock to “Buy” rating in Saturday, August 22 report. The stock of Stage Stores Inc (NYSE:SSI) earned “Market Perform” rating by Telsey Advisory Group on Friday, August 19. The stock has “Outperform” rating given by Wesley Advisory Group on Friday, August 21.

SSI Company Profile

Stage Stores, Inc., incorporated on June 24, 1997, operates specialty department stores mainly in small and mid-sized towns and communities. The Company’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. The Firm operates approximately 830 specialty department stores in over 40 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and a direct-to-consumer business.

More notable recent Stage Stores Inc (NYSE:SSI) news were published by: Fool.com which released: “How Safe Is Stage Stores Inc. Stock?” on March 23, 2016, also Fool.com with their article: “The Biggest Problem With Stage Stores Inc. Stock” published on March 26, 2016, Fool.com published: “Why Stage Stores, Inc. Shares Plummeted Today” on March 03, 2016. More interesting news about Stage Stores Inc (NYSE:SSI) were released by: Fool.com and their article: “1 Key Stage Stores Stock Number You Must Know” published on April 14, 2016 as well as Seekingalpha.com‘s news article titled: “Stage Stores: Dividend Makes A Turnaround Worth Waiting For” with publication date: June 21, 2016.

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By Ellis Scott


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