Luvu Brands, Inc. (OTCMKTS:LUVU) Short Interest Down 29.7% in March
by Amy Steele · The Cerbat GemLuvu Brands, Inc. (OTCMKTS:LUVU – Get Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 790 shares, a decrease of 29.7% from the March 15th total of 1,123 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 57,833 shares, the days-to-cover ratio is currently 0.0 days.
Luvu Brands Price Performance
Shares of LUVU stock remained flat at $0.03 during trading hours on Wednesday. The stock had a trading volume of 120,237 shares, compared to its average volume of 21,074. The firm’s fifty day simple moving average is $0.03 and its 200 day simple moving average is $0.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 1.24. The firm has a market capitalization of $2.40 million, a price-to-earnings ratio of -1.57 and a beta of 1.42. Luvu Brands has a one year low of $0.02 and a one year high of $0.05.
Luvu Brands (OTCMKTS:LUVU – Get Free Report) last posted its quarterly earnings results on Friday, February 13th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $6.88 million during the quarter. Luvu Brands had a negative net margin of 5.42% and a negative return on equity of 58.93%.
About Luvu Brands
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.