It is currently trading at $1.18 significantly lower than the 50 day moving average which is $1.39 and significantly below the 200 day moving average of $1.33. The 50 day moving average moved down $-0.21 and the 200 day average went down by -11.05%. (NYSE:CBK) shares saw heavy trading volume with 102K shares changing hands in the last trading session. Trading volume was up 6.93% over the stocks average daily volume.
Short traders are feeling a little more bearish on Christopher & Banks Corporation looking at the uptick in short interest. The company recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 4.39%. Short shares increased 111,235 over that period. With short interest at 2,642,831 and short average daily volume at 62,112, days to cover is 43.0 and the short interest percentage is 0.07% as of October 13.
The following firms have recently changed their position in CBK. Ubs Group Ag bolstered its position by buying 1,701 shares an increase of 19.4% in the quarter. Ubs Group Ag now controls 10,464 shares valued at $14,000. The value of the position overall is up by 7.7%. As of quarter end Chartwell Investment Partners, LLC had disposed of 190,240 shares trimming its position 48.7%. The value of the investment in CBK went from $578,000 to $262,000 a change of $316,000 quarter over quarter.
Vnbtrust, National Association expanded its ownership by buying 139,363 shares an increase of 2,603.9%. Vnbtrust, National Association controls 144,715 shares with a value of $197,000. The total value of its holdings increased 2,714.3%. As of the end of the quarter Cutler Group LP had sold a total of 600 shares trimming its stake by 18.2%. The value in dollars decreased from $4,000 to $3,000 a change of 25.0% quarter to quarter.
In the last earnings report the EPS was $-0.68 and is estimated to be $-0.48 for the current year with 37,855,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.20 with next year’s EPS projected to be $-0.06.
Christopher & Banks Corporation, launched on November 24, 1986, is a national specialty retailer featuring private-brand women’s apparel and accessories. The Company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs of women’s apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes. The Company also offers a selection of jewelry and accessories, including footwear. The Company operates in the Retail Operations segment, which includes the operation of its retail stores, outlet stores, online and mobile. The Retail Operations segment includes activities generated by the Business’s retail store locations (Missy Petite Women (MPW), Outlet stores, Christopher & Banks (CB), and C.J. Banks (CJ)), as well as the e-commerce business. Its merchandise is developed for women of all sizes, age 40 and older. The Company offers a merchandise assortment of coordinated outfits, which are manufactured under its Christopher & Banks and C.J. Banks names. The Business’s subsidiaries are Christopher & Banks, Inc. and Christopher & Banks Company..