Delta Apparel, Inc. (NYSEAMERICAN:DLA) Short Interest Update

Delta Apparel, Inc. (NYSEAMERICAN:DLA – Get Rating) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 40,100 shares, an increase of 21.5% from the March 31st total of 33,000 shares. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.7% of the company’s stock are short sold.

Shares of NYSEAMERICAN DLA opened at $31.44 on Thursday. Delta Apparel has a 1 year low of $24.10 and a 1 year high of $35.26. The stock has a market cap of $218.48 million, a PE ratio of 11.03 and a beta of 1.61. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.30.

Delta Apparel (NYSEAMERICAN:DLA – Get Rating) last announced its earnings results on Tuesday, May 3rd. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.68. Delta Apparel had a return on equity of 13.35% and a net margin of 4.65%. Equities research analysts anticipate that Delta Apparel will post 3.17 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new stake in Delta Apparel in the first quarter valued at about $65,000. Morgan Stanley increased its holdings in Delta Apparel by 24,022.2% in the first quarter. Morgan Stanley now owns 2,171 shares of the textile maker’s stock valued at $59,000 after buying an additional 2,162 shares during the last quarter. Barclays PLC increased its holdings in Delta Apparel by 6.5% in the third quarter. Barclays PLC now owns 12,456 shares of the textile maker’s stock valued at $340,000 after buying an additional 755 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Delta Apparel by 104.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 10,863 shares of the textile maker’s stock valued at $297,000 after buying an additional 5,554 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Delta Apparel by 25.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 33,631 shares of the textile maker’s stock valued at $918,000 after buying an additional 6,900 shares during the last quarter. 56.96% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded Delta Apparel from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, April 14th.

Delta Apparel Company Profile (Get Rating)

Delta Apparel, Inc, through its subsidiaries, designs, manufactures, sources, and markets activewear and lifestyle apparel products in the United States and internationally. The company operates through two segments, Delta Group and Salt Life Group. It offers on-demand digitally printed apparel products under the DTG2Go brand; silhouettes and fleece products; performance shirts that keep athletes dry under the Delta Dri line brand; ringspun garments; Delta Soft apparel products; and heritage, mid- and heavier-weight tee shirts under the Delta Pro Weight and Magnum Weight brand names, as well as polos, outerwear, headwear, bags, and other accessories.

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