Luvu Brands, Inc. (OTCMKTS:LUVU) Sees Large Drop in Short Interest

by · The Markets Daily

Luvu Brands, Inc. (OTCMKTS:LUVU – Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 790 shares, a decline of 92.2% from the December 15th total of 10,176 shares. Based on an average daily volume of 229,711 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 229,711 shares, the days-to-cover ratio is currently 0.0 days.

Luvu Brands Price Performance

Shares of OTCMKTS:LUVU traded down $0.00 during trading on Wednesday, reaching $0.03. The company had a trading volume of 411 shares, compared to its average volume of 68,717. The company has a fifty day moving average of $0.04 and a two-hundred day moving average of $0.04. The company has a current ratio of 1.19, a quick ratio of 0.47 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.40 million, a P/E ratio of -3.13 and a beta of 1.57. Luvu Brands has a 12 month low of $0.02 and a 12 month high of $0.07.

Luvu Brands (OTCMKTS:LUVU – Get Free Report) last released its earnings results on Tuesday, October 14th. The company reported ($0.01) EPS for the quarter. Luvu Brands had a negative net margin of 1.49% and a negative return on equity of 14.33%. The firm had revenue of $5.90 million during the quarter.

Luvu Brands Company Profile

(Get Free Report)

Luvu Brands, Inc (OTCMKTS: LUVU) is a public holding company that operates a multi-channel grocery and consumer products distribution platform under the Angel Food Ministries brand. Through a network of community partner sites such as churches and civic centers, the company offers consumers access to branded grocery staples, fresh and frozen foods, home and personal care products at competitive prices.

The Angel Food Ministries division was originally founded in 1994 to provide affordable groceries in underserved communities.

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