Investors Buy Stake in Wet Seal

Zweig-DiMenna Special Opportunities L.P. and its affiliates have acquired a 7.1% stake in apparel retailer Wet Seal Inc., according to a report filed Monday with the Securities and Exchange Commission.

The investors purchased 752,900 Class A shares of common stock of the Irvine company. The Zweig-DiMenna group’s most recent transactions include the purchase of shares at $13.77 to $29.87 each between Nov. 5 and Jan. 7, the SEC filing said. The stock closed Monday at $14.50, down 12.5 cents a share, in Nasdaq trading.