Shorts Tighten Notches on Buckle

Includes: ANF, BKE, URBN, ZUMZ
by: Data Explorers

Buckle (NYSE:BKE) announces earnings Wednesday. The short base is just below 14% and has been rising in the past week. Clothing retailers Abercrombie & Fitch (NYSE:ANF), Urban Outfitters (NASDAQ:URBN) and Zumiez (NASDAQ:ZUMZ) have all seen their large short bases declining over recent weeks. They currently stand at 5.4%, 14% and 12% respectively.

The short interest (as measured by Percent Shares Outstanding On Loan) for Buckle Inc (BKE) increased 31.98% over the past week and now stands at 13.54%. This is up 42.2% from the 52 week low hit on February 6, 2009. When compared to other North America Specialty Retail companies, the short base is well above the average of 7.97% for the sector.

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