Could G Iii Apparel Group Incorporated (NASDAQ:GIII) Go Down After Its Newest Short Interest Report?

January 20, 2018 - By Dolores Ford

 Could G Iii Apparel Group Incorporated (NASDAQ:GIII) Go Down After Its Newest Short Interest Report?

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.03, from 1.11 in 2017Q2. It turned negative, as 20 investors sold G-III Apparel Group, Ltd. shares while 52 reduced holdings. 34 funds opened positions while 44 raised stakes. 45.12 million shares or 3.98% less from 46.99 million shares in 2017Q2 were reported.
Adage Prns Gp Ltd reported 0.07% stake. Prudential Fincl holds 0% or 77,558 shares. Gotham Asset Management Lc stated it has 0% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Quantbot Technologies L P invested in 0.01% or 4,929 shares. Royal Retail Bank Of Canada reported 882,058 shares. Public Sector Pension Board holds 26,078 shares or 0% of its portfolio. Citadel Limited Liability owns 0.03% invested in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 1.41M shares. Art Advisors Limited has invested 0.18% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Engineers Gate Manager L P reported 0.09% stake. Public Employees Retirement Sys Of Ohio holds 0.01% or 55,609 shares. 87,425 are owned by Rhumbline Advisers. Teachers Retirement Systems Of The State Of Kentucky has 15,100 shares for 0.01% of their portfolio. First Advsr L P, Illinois-based fund reported 50,176 shares. 55,767 were reported by Bancorporation Of Montreal Can. The New York-based Ingalls & Snyder Lc has invested 0.27% in G-III Apparel Group, Ltd. (NASDAQ:GIII).

Since September 18, 2017, it had 0 insider purchases, and 3 selling transactions for $5.06 million activity. Shares for $146,550 were sold by FELLER ALAN on Thursday, September 28. The insider Aaron Sammy sold 102,130 shares worth $3.44M.

The stock of G Iii Apparel Group Incorporated (NASDAQ:GIII) registered a decrease of 6.61% in short interest. GIII’s total short interest was 4.91 million shares in January as published by FINRA. Its down 6.61% from 5.26 million shares, reported previously. With 708,700 shares average volume, it will take short sellers 7 days to cover their GIII’s short positions. The short interest to G Iii Apparel Group Incorporated’s float is 11.83%.

The stock increased 2.60% or $1.01 during the last trading session, reaching $39.89. About 830,807 shares traded or 12.14% up from the average. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 47.99% since January 20, 2017 and is downtrending. It has underperformed by 64.69% the S&P500.

G-III Apparel Group, Ltd. designs, manufactures, and markets menÂ’s and womenÂ’s apparel. The company has market cap of $1.96 billion. It operates in two divisions, Wholesale Operations and Retail Operations. It has a 45.64 P/E ratio. The companyÂ’s products include outerwear, dresses, sportswear, swimwear, womenÂ’s suits, and womenÂ’s performance wear; and womenÂ’s handbags, footwear, small leather goods, cold weather accessories, and luggage.

G-III Apparel Group, Ltd. (NASDAQ:GIII) Ratings Coverage

Among 14 analysts covering G-III Apparel Group (NASDAQ:GIII), 8 have Buy rating, 1 Sell and 5 Hold. Therefore 57% are positive. G-III Apparel Group had 57 analyst reports since August 4, 2015 according to SRatingsIntel. Cowen & Co maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) on Wednesday, September 6 with “Hold” rating. Buckingham Research maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) on Thursday, August 31 with “Buy” rating. Stifel Nicolaus maintained the shares of GIII in report on Tuesday, December 5 with “Hold” rating. Cowen & Co maintained it with “Hold” rating and $32.0 target in Thursday, November 30 report. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) earned “Sell” rating by Stifel Nicolaus on Wednesday, August 31. The stock has “Market Perform” rating by Telsey Advisory Group on Friday, December 2. The company was maintained on Thursday, August 24 by KeyBanc Capital Markets. The stock has “Buy” rating by Piper Jaffray on Thursday, September 3. The firm has “Hold” rating given on Tuesday, August 4 by Brean Capital. The company was maintained on Monday, August 14 by Cowen & Co.

More notable recent G-III Apparel Group, Ltd. (NASDAQ:GIII) news were published by: Fool.com which released: “Why G-III Apparel Group Ltd. Shares Jumped as Much as 13% Today” on September 06, 2017, also Fool.com with their article: “Why G-III Apparel Group, Ltd. Shares Jumped 16% Higher Today” published on December 05, 2017, Businesswire.com published: “G-III Apparel Group, Ltd. Announces Joint Venture for DKNY and Donna Karan in …” on August 23, 2017. More interesting news about G-III Apparel Group, Ltd. (NASDAQ:GIII) were released by: Fool.com and their article: “Why G-III Apparel Group Ltd. Stock Soared Today” published on June 06, 2017 as well as Nasdaq.com‘s news article titled: “G-III Apparel Group, Applied Optoelectronics, Advanced Micro Devices, Intel …” with publication date: January 04, 2018.

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