Cherokee (CHKE) Reaches $7.57 After 8.00% Up Move, Par Tech (PAR) SI Decreased By 13.45%

June 6, 2017 - By Marguerite Chambers

The stock of Cherokee Inc (NASDAQ:CHKE) is a huge mover today! About 50,238 shares traded. Cherokee Inc (NASDAQ:CHKE) has declined 29.62% since June 6, 2016 and is downtrending. It has underperformed by 46.32% the S&P500.The move comes after 5 months positive chart setup for the $89.52 million company. It was reported on Jun, 6 by Barchart.com. We have $8.18 PT which if reached, will make NASDAQ:CHKE worth $7.16 million more.

Par Tech Corporation (NYSE:PAR) had a decrease of 13.45% in short interest. PAR’s SI was 51,500 shares in June as released by FINRA. Its down 13.45% from 59,500 shares previously. With 41,900 avg volume, 1 days are for Par Tech Corporation (NYSE:PAR)’s short sellers to cover PAR’s short positions. The SI to Par Tech Corporation’s float is 0.53%. About 27,342 shares traded. PAR Technology Corporation (NYSE:PAR) has risen 84.63% since June 6, 2016 and is uptrending. It has outperformed by 67.93% the S&P500.

Cherokee Inc. is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents, licensing the Cherokee, Liz Lange, Completely Me by Liz Lange, Hawk, Tony Hawk, Sideout, Carole Little, Everyday California , Flip Flop Shops and ale by alessandra brands and related brands in various consumer product categories and sectors. The company has market cap of $89.52 million. The Firm operates in the segment of marketing and licensing of brand names and trademarks for apparel, footwear and accessories. It currently has negative earnings. It is a licensor of style focused lifestyle brands for apparel, footwear, home products and accessories.

Investors sentiment increased to 3 in 2016 Q4. Its up 2.35, from 0.65 in 2016Q3. It is positive, as 9 investors sold Cherokee Inc shares while 5 reduced holdings. 22 funds opened positions while 20 raised stakes. 9.79 million shares or 60.87% more from 6.09 million shares in 2016Q3 were reported. Trellus Mngmt Limited Liability stated it has 0.16% of its portfolio in Cherokee Inc (NASDAQ:CHKE). Blackrock Fund Advisors holds 23,689 shares. Segantii holds 0.01% or 2,600 shares. Ftb Advsr Incorporated accumulated 175 shares. Blackrock Advisors Ltd Liability invested 0% in Cherokee Inc (NASDAQ:CHKE). Park Circle reported 2.29% of its portfolio in Cherokee Inc (NASDAQ:CHKE). Connors Investor accumulated 145,881 shares. 310,820 were accumulated by Perritt Capital Mngmt. North Star Invest Management Corp accumulated 1,025 shares. Martin & Com Tn holds 58,005 shares. Citigroup invested 0% in Cherokee Inc (NASDAQ:CHKE). State Of New Jersey Common Pension Fund D invested in 0% or 15,000 shares. Tower Ltd Company (Trc) holds 0.01% of its portfolio in Cherokee Inc (NASDAQ:CHKE) for 7,851 shares. Bridgeway Cap Mgmt accumulated 23,200 shares or 0% of the stock. Vanguard Grp has invested 0% of its portfolio in Cherokee Inc (NASDAQ:CHKE).

Among 5 analysts covering Cherokee (NASDAQ:CHKE), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Cherokee had 10 analyst reports since August 4, 2015 according to SRatingsIntel. On Friday, March 10 the stock rating was downgraded by B. Riley & Co to “Neutral”. Brean Capital maintained the stock with “Buy” rating in Wednesday, September 2 report. The stock of Cherokee Inc (NASDAQ:CHKE) earned “Buy” rating by Roth Capital on Thursday, September 17. As per Friday, September 9, the company rating was maintained by Wunderlich. As per Tuesday, October 20, the company rating was maintained by Roth Capital. TH Capital maintained it with “Buy” rating and $22 target in Tuesday, October 20 report. The firm earned “Buy” rating on Tuesday, August 4 by Wunderlich. On Friday, September 11 the stock rating was maintained by Wunderlich with “Buy”. The stock of Cherokee Inc (NASDAQ:CHKE) has “Buy” rating given on Thursday, September 17 by TH Capital.