Stage Stores Inc (NYSE:SSI) Sees Large Increase in Short Interest

Stage Stores Inc (NYSE:SSI) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,940,000 shares, an increase of 18.5% from the December 15th total of 2,480,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is currently 2.5 days. Approximately 12.0% of the shares of the stock are short sold.

Several hedge funds have recently bought and sold shares of SSI. Vanguard Group Inc. boosted its stake in Stage Stores by 9.4% in the second quarter. Vanguard Group Inc. now owns 550,474 shares of the company’s stock worth $423,000 after buying an additional 47,389 shares in the last quarter. Crescent Grove Advisors LLC boosted its stake in Stage Stores by 37.3% in the third quarter. Crescent Grove Advisors LLC now owns 129,611 shares of the company’s stock worth $244,000 after buying an additional 35,211 shares in the last quarter. Virtu Financial LLC purchased a new stake in Stage Stores in the third quarter worth approximately $45,000. Finally, Simplex Trading LLC purchased a new stake in Stage Stores in the third quarter worth approximately $27,000. Institutional investors own 41.78% of the company’s stock.

Shares of SSI stock traded down $0.02 during trading on Tuesday, hitting $3.13. The company had a trading volume of 4,086,178 shares, compared to its average volume of 2,948,453. The company has a quick ratio of 0.20, a current ratio of 1.90 and a debt-to-equity ratio of 3.89. The stock’s 50-day moving average is $6.61 and its two-hundred day moving average is $2.73. The stock has a market capitalization of $211.63 million, a price-to-earnings ratio of -1.46 and a beta of 1.91. Stage Stores has a 52 week low of $0.55 and a 52 week high of $9.50.

Stage Stores (NYSE:SSI) last posted its quarterly earnings data on Thursday, November 21st. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $414.98 million during the quarter. Stage Stores had a negative return on equity of 34.21% and a negative net margin of 5.78%. On average, research analysts predict that Stage Stores will post -2.17 EPS for the current fiscal year.

Separately, ValuEngine cut Stage Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th.

Stage Stores Company Profile

Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.

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