Sequential Brands Group Inc (NASDAQ:SQBG) Short Interest Up 10.8% in July

Sequential Brands Group Inc (NASDAQ:SQBG) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 3,390,000 shares, an increase of 10.8% from the June 30th total of 3,060,000 shares. Approximately 7.3% of the company’s shares are sold short. Based on an average daily volume of 5,340,000 shares, the short-interest ratio is currently 0.6 days.

In other Sequential Brands Group news, major shareholder Prescott Group Capital Managem sold 4,377,078 shares of Sequential Brands Group stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $0.20, for a total value of $875,415.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 28.50% of the company’s stock.

An institutional investor recently raised its position in Sequential Brands Group stock. Geode Capital Management LLC lifted its stake in Sequential Brands Group Inc (NASDAQ:SQBG) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,460 shares of the textile maker’s stock after buying an additional 37,829 shares during the period. Geode Capital Management LLC owned approximately 0.52% of Sequential Brands Group worth $117,000 as of its most recent SEC filing. 28.80% of the stock is owned by institutional investors and hedge funds.

Shares of SQBG stock opened at $6.04 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 6.85. Sequential Brands Group has a fifty-two week low of $4.11 and a fifty-two week high of $24.80. The firm’s 50 day moving average price is $0.70 and its two-hundred day moving average price is $0.35.

Sequential Brands Group (NASDAQ:SQBG) last issued its earnings results on Friday, May 15th. The textile maker reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.26). Sequential Brands Group had a negative net margin of 125.33% and a negative return on equity of 14.17%. The business had revenue of $20.23 million during the quarter.

Separately, ValuEngine raised Sequential Brands Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th.

About Sequential Brands Group

Sequential Brands Group, Inc owns a portfolio of consumer brands in the home, active, and fashion categories in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, home goods, food, wine, and media related assets, such as magazines, books, and other print and digital content.

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