Short Interest in Ascena Retail Group Inc (ASNA) Grows By 5.2% – Transcript Daily



Ascena Retail Group Inc (NASDAQ:ASNA) was the target of a significant growth in short interest during the month of April. As of April 13th, there was short interest totalling 39,857,424 shares, a growth of 5.2% from the March 31st total of 37,884,861 shares. Currently, 26.0% of the company’s stock are sold short. Based on an average daily volume of 3,095,997 shares, the short-interest ratio is presently 12.9 days.

Large investors have recently bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new stake in Ascena Retail Group during the fourth quarter worth $114,000. Waratah Capital Advisors Ltd. purchased a new position in shares of Ascena Retail Group during the fourth quarter worth about $130,000. Boothbay Fund Management LLC purchased a new position in shares of Ascena Retail Group during the fourth quarter worth about $165,000. Highbridge Capital Management LLC boosted its position in shares of Ascena Retail Group by 13,454.5% in the fourth quarter. Highbridge Capital Management LLC now owns 27,109 shares of the specialty retailer’s stock worth $167,000 after buying an additional 26,909 shares in the last quarter. Finally, TradeLink Capital LLC boosted its position in shares of Ascena Retail Group by 124.7% in the third quarter. TradeLink Capital LLC now owns 49,508 shares of the specialty retailer’s stock worth $277,000 after buying an additional 27,477 shares in the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Shares of Ascena Retail Group (NASDAQ:ASNA) opened at 3.76 on Thursday. The company’s 50-day moving average is $3.94 and its 200 day moving average is $5.18. The firm has a market cap of $720.75 million, a price-to-earnings ratio of 104.44 and a beta of 1.93. Ascena Retail Group has a 1-year low of $3.53 and a 1-year high of $9.11.




Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, March 6th. The specialty retailer reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The business earned $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Ascena Retail Group had a net margin of 0.29% and a return on equity of 4.50%. Ascena Retail Group’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, equities research analysts expect that Ascena Retail Group will post $0.38 EPS for the current fiscal year.

ASNA has been the topic of several research analyst reports. Citigroup Inc cut shares of Ascena Retail Group from a “neutral” rating to a “sell” rating and set a $3.00 price target on the stock. in a research report on Tuesday, March 7th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Ascena Retail Group in a research report on Tuesday, January 10th. Royal Bank of Canada set a $5.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Monday, April 3rd. Guggenheim started coverage on shares of Ascena Retail Group in a research note on Thursday, March 9th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.83.

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About Ascena Retail Group

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

5 Day Chart for NASDAQ:ASNA

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