ClothesTime Inc., an Anaheim-based chain of women’s...

ClothesTime Inc., an Anaheim-based chain of women’s clothing stores, has declared a two-for-one stock split, effective April 2. William W. Mowbray, the company’s chief financial officer, said the split is intended to improve the liquidity of ClothesTime’s common stock and reduce price fluctuations. ClothesTime, which closed Monday in over-the-counter trading at $32.75 a share, is a closely held company, Mowbray said. By increasing the number of shares in the market, he said, the company hopes to increase the number of shareholders and make the stock “less volatile.” In the past 12 months, ClothesTime common stock has traded for as low as $2.50 a share. The company currently has almost 6.9 million shares of common stock outstanding, 60% held by insiders.