Short Interest Coverage: Could Citi Trends Incorporated (NASDAQ:CTRN) Skyrocket? The Stock Has Too Many Sellers

November 30, 2016 - By Vivian Park   ·   0 Comments

Short Interest Coverage: Could Citi Trends Incorporated (NASDAQ:CTRN) Skyrocket? The Stock Has Too Many Sellers

The stock of Citi Trends Incorporated (NASDAQ:CTRN) registered an increase of 2.29% in short interest. CTRN’s total short interest was 245,600 shares in November as published by FINRA. Its up 2.29% from 240,100 shares, reported previously. With 47,100 shares average volume, it will take short sellers 5 days to cover their CTRN’s short positions. The short interest to Citi Trends Incorporated’s float is 2.13%. About 99,371 shares traded hands or 1.34% up from the average. Citi Trends, Inc. (NASDAQ:CTRN) has declined 2.79% since April 27, 2016 and is downtrending. It has underperformed by 8.02% the S&P500.

Citi Trends, Inc. is a retailer of urban fashion apparel and accessories. The company has a market cap of $252.78 million. The Company’s segment is retail operations. It has a 22.26 P/E ratio. The Firm operates approximately 520 stores in both urban and rural markets in over 30 states.

Insitutional Activity: The institutional sentiment increased to 1.11 in Q2 2016. Its up 0.24, from 0.87 in 2016Q1. The ratio increased, as 16 funds sold all Citi Trends, Inc. shares owned while 31 reduced positions. 10 funds bought stakes while 31 increased positions. They now own 13.23 million shares or 5.62% less from 14.01 million shares in 2016Q1.
D E Shaw holds 0.01% or 213,192 shares in its portfolio. Federated Invsts Pa has invested 0% of its portfolio in Citi Trends, Inc. (NASDAQ:CTRN). Gsa Capital Prtnrs Limited Liability Partnership has invested 0.05% of its portfolio in Citi Trends, Inc. (NASDAQ:CTRN). American Grp Incorporated holds 8,286 shares or 0% of its portfolio. Moreover, Shell Asset Management has 0.02% invested in Citi Trends, Inc. (NASDAQ:CTRN) for 66,115 shares. Voya Investment Management Ltd holds 0% of its portfolio in Citi Trends, Inc. (NASDAQ:CTRN) for 10,410 shares. Millennium Management Lc holds 0% or 58,911 shares in its portfolio. Fmr Ltd Liability holds 0% or 1.55M shares in its portfolio. Bridgeway Management Incorporated holds 130,050 shares or 0.03% of its portfolio. Kcg last reported 15,066 shares in the company. Tfs Llc, a Pennsylvania-based fund reported 19,738 shares. Bancorporation Of America Corp De holds 1,278 shares or 0% of its portfolio. Metropolitan Life Insur Com Ny holds 0% of its portfolio in Citi Trends, Inc. (NASDAQ:CTRN) for 12,638 shares. Blackrock Group Inc Ltd has 0% invested in the company for 2,401 shares. The New Jersey-based Blackrock Invest Ltd Limited Liability Company has invested 0% in Citi Trends, Inc. (NASDAQ:CTRN).

Citi Trends, Inc. (NASDAQ:CTRN) Ratings Coverage

Out of 2 analysts covering Citi Trends (NASDAQ:CTRN), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Citi Trends has been the topic of 4 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Hold” rating in Friday, August 21 report. The company was initiated on Tuesday, April 5 by Sidoti. M Partners downgraded Citi Trends, Inc. (NASDAQ:CTRN) on Monday, February 8 to “Neutral” rating.

CTRN Company Profile

Citi Trends, Inc., incorporated on March 3, 1999, is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Firm operates approximately 520 stores in both urban and rural markets in over 30 states. The Firm offers products under its brands, such as Citi Steps and Red Ape.

More news for Citi Trends, Inc. (NASDAQ:CTRN) were recently published by: Nasdaq.com, which released: “Citi Trends, Inc. (CTRN) Ex-Dividend Date Scheduled for November 25, 2016” on October 24, 2015. Wsj.com‘s article titled: “Citi Trends Taps New CEO As Results Top Views” and published on March 13, 2015 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Vivian Park


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>