Centric Brands Inc (NASDAQ:CTRC) Short Interest Update

Centric Brands Inc (NASDAQ:CTRC) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 478,800 shares, a growth of 8.6% from the April 30th total of 441,000 shares. Based on an average daily volume of 174,400 shares, the short-interest ratio is presently 2.7 days. Currently, 1.5% of the shares of the stock are sold short.

A number of hedge funds and other institutional investors have recently modified their holdings of CTRC. Barclays PLC raised its holdings in Centric Brands by 102.8% in the fourth quarter. Barclays PLC now owns 16,701 shares of the company’s stock worth $36,000 after purchasing an additional 8,464 shares during the period. UBS Group AG grew its stake in Centric Brands by 61.8% in the fourth quarter. UBS Group AG now owns 25,097 shares of the company’s stock valued at $54,000 after acquiring an additional 9,584 shares during the period. LWS Wealth Advisors Inc. bought a new stake in shares of Centric Brands in the fourth quarter worth about $62,000. Finally, State Street Corp lifted its holdings in shares of Centric Brands by 40.0% during the 1st quarter. State Street Corp now owns 270,091 shares of the company’s stock valued at $303,000 after purchasing an additional 77,104 shares in the last quarter. Hedge funds and other institutional investors own 54.34% of the company’s stock.

CTRC opened at $0.30 on Friday. The firm has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $1.84. Centric Brands has a fifty-two week low of $0.27 and a fifty-two week high of $4.47.

Separately, ValuEngine lowered shares of Centric Brands from a “buy” rating to a “hold” rating in a research report on Tuesday.

Centric Brands Company Profile

Centric Brands Inc designs, produces, manages, and builds kid's wear, and women's and men's accessories and apparel, and distributes its products across various retail and digital channels in North America and international markets. The company also licenses approximately 100 brands across its core product categories, including kid's, women's, and men's accessories and apparel.

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