bebe stores, inc. (BEBE) Sees Large Decline in Short Interest

bebe stores, inc. (NASDAQ:BEBE) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 311,740 shares, a decrease of 47.5% from the November 30th total of 594,093 shares. Based on an average daily volume of 65,763 shares, the days-to-cover ratio is presently 4.7 days.

Several institutional investors have recently added to or reduced their stakes in BEBE. Quinn Opportunity Partners LLC purchased a new stake in shares of bebe stores during the second quarter worth approximately $856,000. Vanguard Group Inc. raised its stake in shares of bebe stores by 1.3% during the second quarter. Vanguard Group Inc. now owns 99,760 shares of the company’s stock worth $593,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Royce & Associates LP raised its position in bebe stores by 18.3% in the third quarter. Royce & Associates LP now owns 228,855 shares of the company’s stock worth $1,176,000 after acquiring an additional 35,400 shares in the last quarter. Institutional investors and hedge funds own 11.91% of the company’s stock.

Shares of bebe stores (NASDAQ:BEBE) opened at $4.05 on Thursday. bebe stores has a 52 week low of $3.02 and a 52 week high of $7.00. The company has a market capitalization of $33.07, a P/E ratio of -1.03 and a beta of 2.69.

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About bebe stores

bebe stores, inc. designs, develops and produces a range of contemporary women’s apparel and accessories. The Company’s product offering includes a range of separates, tops, dresses, active wear and accessories for a range of occasions. It designs and develops its merchandise in-house, which is manufactured to its specifications and it also sources directly from third-party manufacturers.

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