bebe stores, inc. (OTCMKTS:BDST) Sees Significant Decline in Short Interest

bebe stores, inc. (OTCMKTS:BDST) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,713 shares, a decline of 45.0% from the September 15th total of 4,937 shares. Based on an average trading volume of 15,328 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

bebe stores Stock Down 5.5%

OTCMKTS:BDST opened at $0.51 on Friday. bebe stores has a 1 year low of $0.17 and a 1 year high of $0.65. The stock’s 50 day simple moving average is $0.55 and its two-hundred day simple moving average is $0.42.

About bebe stores

bebe stores, Inc was an American specialty retailer focused on contemporary women’s apparel and accessories. Its merchandise included dresses, tops, bottoms, outerwear, footwear, handbags, jewelry and other fashion accessories, marketed primarily under the bebe brand and, historically, the 2b bebe label.

Founded in 1976 by Manny Mashouf, the company expanded through specialty retail stores, outlet locations and an e-commerce business. bebe stores primarily served customers in the United States, with a broader international presence at various points through stores, licensing arrangements and other distribution channels.

The company announced plans to close its remaining retail stores in 2017 and subsequently transitioned away from operating a traditional store network.