It is currently trading at $2.32 significantly higher than $1.91, the stock’s 50 day moving average and which is significantly lower than the 200 day moving average of $2.75. The 50 day moving average was up $0.41 or +21.20% and the 200 day average went down $-0.43 or -15.68%. (NASDAQ:DEST) shares saw light trading volume with 279K shares changing hands in the last trading session. Trading volume was down 64.71% under the stocks average daily volume.
Traders are more bullish on shares of Destination Maternity Corporati of late if you consider the fall in short interest. The stock had a fall in short interest of -16.58% as of October 13, 2017 from the last reporting period. Short shares decreased from 1,395,607 to 1,164,221 over that period. With short interest at 1,164,221 and short average daily volume at 268,215, the short-interest ratio is 4.0 and the percentage of shorted shares was 0.08% on October 13.
These funds have shifted positions in (DEST). As of the end of the quarter Tower Research Capital LLC (trc) had sold a total of 1,989 shares trimming its stake by 61.9%. The value of the investment in (DEST) decreased from $14,000 to $4,000 a change of $10,000 since the last quarter. Moors & Cabot, Inc. cut its position by selling 6,450 shares a decrease of 5.3%. Moors & Cabot, Inc. claims 114,790 shares with a value of $366,000. The total value of its holdings decreased 28.5%.
As of quarter end Atria Investments LLC had acquired 33,771 shares growing its position 175.8%. The value in dollars went from $62,000 to $88,000 a change of 41.9% quarter over quarter. As of quarter end Simplex Trading, LLC had acquired a total of 1,673 shares growing its holdings by 16,730.0%. The value of the investment in DEST went from $0 to $2,000 increasing inf% quarter to quarter.
Destination Maternity Corporation, formerly Mothers Work, Inc., launched on October 23, 1980, is a designer and retailer of maternity apparel in the United States. The Company operates a chain of maternity apparel specialty stores. The Company operates through the design, manufacture, and sale of maternity apparel and related accessories segment. It operates approximately 1,815 retail locations, including over 540 stores in the United States, Canada and Puerto Rico, and approximately 1,280 leased departments located within department stores and baby specialty stores throughout the United States, in Puerto Rico and, in England. The Company sells merchandise on the Internet, primarily through its Motherhood.com, APeaInThePod.com and DestinationMaternity.com Websites. The Company also sells its merchandise through its Canadian Website, MotherhoodCanada.ca, through Amazon.com in the United States, and through Websites of certain of its retail partners. The Company provides maternity apparel to Kohl’s, which operates over 1,100 stores throughout the United States and offers its maternity apparel in a number of its stores. The Company operates its over 540 stores under three retail nameplates: Motherhood Maternity, A Pea in the Pod and Destination Maternity. In addition to its over 540 stores, the Company operates approximately 1,280 maternity apparel departments, which it refers to as leased departments, within retailers, such as Macy’s, buybuy BABY, Boscov’s, Harrods and Century 21. The Company provides maternity apparel in its leased department locations. The Company operates approximately 475 leased departments within Sears stores..