Shorts On Watch: What Will Happen to Christopher & Banks Corporation (NYSE:CBK) Next? The Stock Has Increase in Shorts

November 28, 2016 - By kentuckypostne   ·   0 Comments

Shorts On Watch: What Will Happen to Christopher & Banks Corporation (NYSE:CBK) Next? The Stock Has Increase in Shorts

The stock of Christopher & Banks Corporation (NYSE:CBK) registered an increase of 2.44% in short interest. CBK’s total short interest was 1.76 million shares in November as published by FINRA. Its up 2.44% from 1.71 million shares, reported previously. With 85,800 shares average volume, it will take short sellers 21 days to cover their CBK’s short positions. The short interest to Christopher & Banks Corporation’s float is 5.54%. About 107,361 shares traded hands. Christopher & Banks Corporation (NYSE:CBK) has declined 33.46% since April 25, 2016 and is downtrending. It has underperformed by 39.47% the S&P500.

Christopher & Banks Corporation is a national specialty retailer featuring private-brand women’s apparel and accessories. The company has a market cap of $65.54 million. The Firm offers its clients an assortment of clothing for everyday needs. It currently has negative earnings. The Company’s merchandise assortments include creates of women’s apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes.

Insitutional Activity: The institutional sentiment decreased to 0.41 in Q2 2016. Its down 0.43, from 0.84 in 2016Q1. The ratio worsened, as 17 funds sold all Christopher & Banks Corporation shares owned while 26 reduced positions. 12 funds bought stakes while 24 increased positions. They now own 18.03 million shares or 18.03% less from 21.99 million shares in 2016Q1.
Financial Architects owns 5,000 shares or 0% of their US portfolio. Gam Hldgs Ag last reported 0% of its portfolio in the stock. Geode Cap Mngmt Llc holds 200,064 shares or 0% of its portfolio. Art Advsrs Lc has 174,829 shares for 0.02% of their US portfolio. The New York-based Goldman Sachs Group has invested 0% in Christopher & Banks Corporation (NYSE:CBK). The Illinois-based First Midwest National Bank & Trust Division has invested 0.02% in Christopher & Banks Corporation (NYSE:CBK). Vnbtrust Natl Association accumulated 234,125 shares or 0.3% of the stock. State Bank Of Mellon Corp holds 66,857 shares or 0% of its portfolio. Kennedy Capital Mgmt accumulated 10,340 shares or 0% of the stock. Pnc Service Grp holds 0% or 198 shares in its portfolio. Jpmorgan Chase & Co last reported 0% of its portfolio in the stock. Aqr Cap Mngmt Lc last reported 0% of its portfolio in the stock. Bridgeway Cap Mngmt reported 132,400 shares or 0% of all its holdings. Millennium Mngmt Limited Liability Co reported 175,636 shares or 0% of all its holdings. Gsa Ltd Liability Partnership last reported 0.04% of its portfolio in the stock.

Christopher & Banks Corporation (NYSE:CBK) Ratings Coverage

Out of 2 analysts covering Christopher & Banks Corporation (NYSE:CBK), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Christopher & Banks Corporation has been the topic of 5 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, August 14 by Brean Capital. The firm has “Buy” rating given on Wednesday, August 19 by Zacks. Dougherty & Company downgraded Christopher & Banks Corporation (NYSE:CBK) on Friday, August 14 to “Buy” rating. On Monday, August 17 the stock rating was downgraded by Dougherty & Company to “Neutral”. Dougherty & Company upgraded the stock to “Buy” rating in Thursday, April 7 report.

CBK Company Profile

Christopher & Banks Corporation, incorporated on November 24, 1986, is a national specialty retailer featuring private-brand women’s apparel and accessories. The Firm offers its clients an assortment of clothing for everyday needs. The Company’s merchandise assortments include creates of women’s apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes. The Firm also offers a selection of jewelry and accessories, including footwear. The Firm operates in the Retail Operations segment, which includes the operation of its retail stores, outlet stores, online and mobile. The Retail Operations segment includes activities generated by the Company’s retail store locations (Missy Petite Women (MPW), Outlet stores, Christopher & Banks (CB), and C.J. Banks (CJ)), as well as the e-commerce business. The Company’s merchandise is developed for women of all sizes, age 40 and older. The Firm offers a merchandise assortment of coordinated outfits, which are manufactured under its Christopher & Banks and C.J. Banks names. The Company’s subsidiaries are Christopher & Banks, Inc. and Christopher & Banks Company.

More notable recent Christopher & Banks Corporation (NYSE:CBK) news were published by: Businesswire.com which released: “Christopher & Banks Corporation Announces Changes to Board of Directors and …” on March 10, 2016, also Businesswire.com with their article: “Christopher & Banks Corporation Reports First Quarter Fiscal 2016 Financial …” published on June 09, 2016, Businesswire.com published: “Christopher & Banks Corporation Announces Seth R. Johnson Will Stand as …” on April 18, 2016. More interesting news about Christopher & Banks Corporation (NYSE:CBK) were released by: Seekingalpha.com and their article: “Christopher & Banks’ (CBK) CEO LuAnn Via on Q2 2016 Results – Earnings Call …” published on August 30, 2016 as well as Businesswire.com‘s news article titled: “Christopher & Banks Corporation Announces Agreement with Macellum Capital …” with publication date: April 04, 2016.

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