Kbs Fashion Gp Ltd (NASDAQ:KBSF) last traded at $5.26 with shares seeing a daily low of $5.00 and a high of $7.00. The big move makes the stock one of the day’s most volatile.
Traders are feeling more bullish on shares of the company lately if you take into consideration the downtick in short interest. The company recorded a fall in short interest of -10.65% between September 29, 2017 and October 13, 2017. Short interest decreased 335 over that period. With short interest at 2,811 and short average daily volume at 5,383, days to cover is 1.0 and the percentage of shorted shares is 0.00% as of October 13.
Earnings Per Share
The P/E ratio is currently N/A and the market cap is 9.33M. As of the latest earnings report the EPS was $-8.11 with 1.77M shares outstanding.
KBS Fashion Group Limited, launched on January 26, 2012, is a casual menswear company in China. The Company is involved in the designing, marketing, and selling its own line of fashion menswear. The Company operates in three segments: distributor network, corporate stores and OEM. The Business’s distributor network segment consists of approximately 30 distributors in approximately 20 provinces. Most of these distributors, either directly or through their sub-distributors, operate KBS-branded stores. As of December 31, 2015, distributors operated a total of 69 KBS-branded stores, primarily in second and third tier cities. KBS products distributed to the fourth and fifth tier cities are primarily sold in multi-branded department stores. The OEM segment is consists of products that are designed by the customers but manufactured by the Company..