Christopher & Banks Corporation (NYSE:CBK) has shown a rise of 25.4% or 723,203 shares in the short positions. The bets have increased to 3,568,103 shares on June 15,2016 from 2,844,900 shares on May 31,2016. With respect to the floated shares, the shorts are 10%. The days to cover are calculated to be 7, using the standard per day volume of 512,647 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Christopher & Banks Corporation (NYSE:CBK): The stock opened at $2.15 on Friday but the bulls could not build on the opening and the stock topped out at $2.27 for the day. The stock traded down to $2.13 during the day, due to lack of any buying support eventually closed down at $2.24 with a loss of -2.61% for the day. The stock had closed at $2.30 on the previous day. The total traded volume was 3,211,082 shares.
The company shares have dropped -44.83% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $4.30 and the one year low was seen on Dec 15, 2015. The 50-Day Moving Average price is $2.21 and the 200 Day Moving Average price is recorded at $1.97.
Christopher & Banks Corporation (NYSE:CBK) has tumbled 9.68% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 17.9% in the last four weeks. The stocks have underperformed the S&P 500 by 8.18% during the past week but Christopher & Banks Corporation (NYSE:CBK) it has outperformed the index in 4 weeks by 21.46%.
Christopher & Banks Corporation is a retailer of womens apparel and accessories. The Company operates retail stores through its wholly owned subsidiaries, Christopher & Banks, Inc. and Christopher & Banks Company (collectively referred to as Christopher & Banks). It operates approximately 518 stores in 43 states, including 173 Christopher & Banks stores, 85 C.J. Banks stores, 216 Missy, Petite, Women (MPW) stores and 44 outlet stores. It also operates an e-Commerce Website for its brands at www.christopherandbanks.com, which in addition to offering the apparel and accessories found in its stores, also offers sizes and styles available online. Its merchandise assortments include womens apparel, consisting of knit tops, woven tops, jackets, sweaters, skirts, denim bottoms, bottoms made of other fabrics, leisure wear, and dresses in missy, petite and women sizes. It also offers a range of jewelry and accessories in all stores and on its Website.