What’s Next for Cherokee Inc (NASDAQ:CHKE) After Having More Shares Shorted?

June 26, 2018 - By Winifred Garcia

Investors sentiment decreased to 0.75 in Q1 2018. Its down 0.13, from 0.88 in 2017Q4. It worsened, as 5 investors sold Cherokee Inc. shares while 7 reduced holdings. 2 funds opened positions while 7 raised stakes. 8.11 million shares or 4.84% less from 8.53 million shares in 2017Q4 were reported.
Blackrock holds 0% or 273,746 shares in its portfolio. Cove Street Capital Ltd Limited Liability Company invested in 2.77M shares or 0.39% of the stock. Northern Trust Corp reported 0% in Cherokee Inc. (NASDAQ:CHKE). The California-based First Wilshire Secs Management has invested 0.03% in Cherokee Inc. (NASDAQ:CHKE). Hcsf Mgmt Ltd Liability Company has 1.65M shares. Prescott Gru Ltd Liability Corp, Oklahoma-based fund reported 50,000 shares. Bancorporation Of America De has invested 0% of its portfolio in Cherokee Inc. (NASDAQ:CHKE). Renaissance Techs Ltd Liability Corporation invested 0% of its portfolio in Cherokee Inc. (NASDAQ:CHKE). Bancshares Of Ny Mellon holds 0% of its portfolio in Cherokee Inc. (NASDAQ:CHKE) for 19,038 shares. Bnp Paribas Arbitrage holds 24 shares. Geode Management Limited Liability Company holds 0% or 71,633 shares in its portfolio. California Pub Employees Retirement Systems holds 15,500 shares or 0% of its portfolio. Vanguard Gp owns 304,550 shares or 0% of their US portfolio. Bridgeway Cap Management invested in 0% or 67,100 shares. Wells Fargo Co Mn accumulated 1 shares.

The stock of Cherokee Inc (NASDAQ:CHKE) registered an increase of 64.75% in short interest. CHKE’s total short interest was 712,200 shares in June as published by FINRA. Its up 64.75% from 432,300 shares, reported previously. With 124,400 shares average volume, it will take short sellers 6 days to cover their CHKE’s short positions. The short interest to Cherokee Inc’s float is 6.46%.

The stock decreased 7.75% or $0.0504 during the last trading session, reaching $0.5997. About 177,714 shares traded. Cherokee Inc. (NASDAQ:CHKE) has declined 90.79% since June 26, 2017 and is downtrending. It has underperformed by 103.36% the S&P500.

Cherokee Inc. markets, manages, and licenses fashion and lifestyle brands for apparel, footwear, home products, and accessories worldwide. The company has market cap of $8.40 million. It owns or represents Cherokee, Hi-Tec, Magnum, 50 Peaks, Interceptor, Hawk Signature, Tony Hawk, Liz Lange, Completely Me by Liz Lange, Flip Flop Shops, Everyday California, Carole Little, Sideout, and other brands, as well as Saint Tropez-West, Chorus Line, All That Jazz, and Sideout Sport names. It currently has negative earnings. As of January 28, 2017, the firm had 124 continuing license agreements covering in approximately 110 countries.

More notable recent Cherokee Inc. (NASDAQ:CHKE) news were published by: Nasdaq.com which released: “Cherokee Global Brands Announces Sale of Flip Flop Shops to Bearpaw Holdings” on June 05, 2018, also Seekingalpha.com with their article: “Cherokee down 8% post Q1 results” published on June 15, 2018, Nasdaq.com published: “Mid-Afternoon Market Update: Tarena International Falls After Q1 Results; AMERI Holdings Shares Climb” on June 05, 2018. More interesting news about Cherokee Inc. (NASDAQ:CHKE) were released by: Seekingalpha.com and their article: “Sale Of Flip Flop Shops Will Not Save Cherokee” published on June 09, 2018 as well as Gurufocus.com‘s news article titled: “Key Takeaways from Cherokee’s 1st Quarter Earnings” with publication date: June 20, 2018.

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