Short Interest Watching: Is Cherokee Incorporated (NASDAQ:CHKE)’s Fuel Running High? Reports Show Less Sellers

November 29, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Watching: Is Cherokee Incorporated (NASDAQ:CHKE)’s Fuel Running High? Reports Show Less Sellers

The stock of Cherokee Incorporated (NASDAQ:CHKE) registered a decrease of 11.96% in short interest. CHKE’s total short interest was 248,900 shares in November as published by FINRA. Its down 11.96% from 282,700 shares, reported previously. With 34,200 shares average volume, it will take short sellers 7 days to cover their CHKE’s short positions. The short interest to Cherokee Incorporated’s float is 3.85%. About 289,630 shares traded hands or 971.35% up from the average. Cherokee Inc (NASDAQ:CHKE) has declined 40.79% since April 26, 2016 and is downtrending. It has underperformed by 46.05% the S&P500.

Cherokee Inc. is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents, licensing the Cherokee, Liz Lange, Completely Me by Liz Lange, Hawk, Tony Hawk, Sideout, Carole Little, Everyday California , Flip Flop Shops and ale by alessandra brands and related brands in various consumer product categories and sectors. The company has a market cap of $85.88 million. The Firm operates in the segment of marketing and licensing of brand names and trademarks for apparel, footwear and accessories. It has a 12.99 P/E ratio. It is a licensor of style focused lifestyle brands for apparel, footwear, home products and accessories.

Insitutional Activity: The institutional sentiment decreased to 0.65 in Q2 2016. Its down 0.04, from 0.69 in 2016Q1. The ratio is negative, as 16 funds sold all Cherokee Inc shares owned while 20 reduced positions. 13 funds bought stakes while 12 increased positions. They now own 4.93 million shares or 31.68% less from 7.21 million shares in 2016Q1.
Ftb Advisors has invested 0% of its portfolio in Cherokee Inc (NASDAQ:CHKE). Blackrock Institutional Tru Na holds 0% of its portfolio in Cherokee Inc (NASDAQ:CHKE) for 254,454 shares. California Pub Employees Retirement holds 0% or 15,500 shares in its portfolio. The New York-based Morgan Stanley has invested 0% in Cherokee Inc (NASDAQ:CHKE). Wellington Group Llp reported 170,476 shares or 0% of all its holdings. The Illinois-based Northern Trust has invested 0% in Cherokee Inc (NASDAQ:CHKE). The New York-based Millennium Mngmt Limited Liability Com has invested 0% in Cherokee Inc (NASDAQ:CHKE). Ancora Advisors Limited Liability Corporation accumulated 105,131 shares or 0.14% of the stock. Perritt Capital Mngmt has invested 0.55% of its portfolio in Cherokee Inc (NASDAQ:CHKE). Geode Cap Management Ltd Com accumulated 0% or 60,188 shares. The Maryland-based Park Circle Company has invested 2.67% in Cherokee Inc (NASDAQ:CHKE). Creative Planning last reported 300 shares in the company. Diker Mgmt Lc has 0.09% invested in the company for 20,700 shares. Invesco last reported 0% of its portfolio in the stock. Bank & Trust Of America De owns 3,288 shares or 0% of their US portfolio.

Insider Transactions: Since June 15, 2016, the stock had 4 buys, and 0 sales for $474,739 net activity. $166,745 worth of Cherokee Inc (NASDAQ:CHKE) was bought by RAVICH JESS M. HEADLANDS STRATEGIC OPPORTUNITIES FUND – LP (THE PARTNERSHIP) bought 10,000 shares worth $103,819.

Cherokee Inc (NASDAQ:CHKE) Ratings Coverage

Out of 5 analysts covering Cherokee (NASDAQ:CHKE), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Cherokee has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Roth Capital with “Buy” on Thursday, September 17. On Tuesday, October 20 the stock rating was maintained by Roth Capital with “Buy”. TH Capital maintained the stock with “Buy” rating in Tuesday, October 20 report. The firm earned “Buy” rating on Wednesday, September 2 by Brean Capital. The stock has “Buy” rating given by TH Capital on Thursday, September 17. Wunderlich maintained the shares of CHKE in a report on Friday, September 11 with “Buy” rating. Wunderlich maintained it with “Buy” rating and $18 target price in Friday, September 9 report. The stock of Cherokee Inc (NASDAQ:CHKE) has “Buy” rating given on Tuesday, August 4 by Wunderlich.

CHKE Company Profile

Cherokee Inc., incorporated on May 17, 1988, is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents, licensing the Cherokee, Liz Lange, Completely Me by Liz Lange, Hawk, Tony Hawk, Sideout, Carole Little, Everyday California , Flip Flop Shops and ale by alessandra brands and related brands in various consumer product categories and sectors. The Firm operates in the segment of marketing and licensing of brand names and trademarks for apparel, footwear and accessories. The Firm is a licensor of style focused lifestyle brands for apparel, footwear, home products and accessories. It performs a range of services, including marketing, solicitation of licensees, contract negotiations, and administration and maintenance of license or distribution agreements, among others. The Firm operates in the United States, Canada, Latin America, Asia, the United Kingdom and Europe. The Company’s brands are licensed with retail and wholesale licensees in over 50 countries and approximately 9,000 retail locations.

More news for Cherokee Inc (NASDAQ:CHKE) were recently published by: Reuters.com, which released: “BRIEF-Cherokee Inc enters into Hi-Tec acquisition documents” on November 29, 2016. Globenewswire.com‘s article titled: “Cherokee Inc. Announces Entry into Hi-Tec Acquisition Documents and Pricing of …” and published on November 29, 2016 is yet another important article.

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By Nellie Frank


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