Short Interest in Gordmans Stores Inc. (GMAN) Decreases By 84.5%
Gordmans Stores Inc. (NASDAQ:GMAN) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 235,834 shares, a decline of 84.5% from the August 15th total of 1,516,635 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 53,247 shares, the short-interest ratio is presently 4.4 days.
Shares of Gordmans Stores (NASDAQ:GMAN) opened at 0.8421 on Wednesday. The firm has a 50-day moving average of $1.14 and a 200-day moving average of $1.71. The company’s market cap is $16.40 million. Gordmans Stores has a 12-month low of $0.82 and a 12-month high of $3.90.
Gordmans Stores (NASDAQ:GMAN) last released its quarterly earnings data on Friday, August 19th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by $0.01. Gordmans Stores had a negative return on equity of 27.28% and a negative net margin of 1.48%. The business had revenue of $132.10 million for the quarter, compared to analyst estimates of $138.62 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The business’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts predict that Gordmans Stores will post ($0.59) EPS for the current year.
Separately, Zacks Investment Research downgraded shares of Gordmans Stores from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th.
An institutional investor recently raised its position in Gordmans Stores stock. Spark Investment Management LLC raised its stake in Gordmans Stores Inc. (NASDAQ:GMAN) by 17.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,600 shares of the company’s stock after buying an additional 11,000 shares during the period. Spark Investment Management LLC owned approximately 0.39% of Gordmans Stores worth $170,000 at the end of the most recent reporting period. 31.38% of the stock is owned by institutional investors and hedge funds.
Gordmans Stores Company Profile
Gordmans Stores, Inc is an everyday value price department store, operating as a hybrid of specialty, department store and off-price retailers. The Company’s merchandise assortment includes apparel and footwear for men, women and children, accessories, fragrances and home fashions. It offers products for women, baby and kids, juniors and men.
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