By  on September 17, 2009

Joe’s Jeans Inc. said Wednesday it has been warned by the Nasdaq Stock Market that the company’s shares are in danger of being delisted if they don’t climb to $1 or more.

The stock of the Los Angeles-based premium denim producer fell 2 cents, or 2.2 percent, to 75 cents Wednesday and hasn’t closed above $1 since Oct. 1. Joe’s ran afoul of Nasdaq rules because its shares failed to close at or above $1 for 30 consecutive trading sessions.

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