Short Interest in Luvu Brands, Inc. (OTCMKTS:LUVU) Decreases By 41.2%

Luvu Brands, Inc. (OTCMKTS:LUVU) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 50,399 shares, a decrease of 41.2% from the May 31st total of 85,722 shares. Based on an average daily trading volume, of 6,288 shares, the days-to-cover ratio is currently 8.0 days. Currently, 0.1% of the company’s shares are short sold.

Luvu Brands Price Performance

Luvu Brands stock opened at $0.04 on Wednesday. The firm has a market capitalization of $3.07 million, a P/E ratio of -4.00 and a beta of 1.33. Luvu Brands has a 1 year low of $0.01 and a 1 year high of $0.05. The business has a 50-day moving average of $0.03 and a 200-day moving average of $0.03. The company has a current ratio of 1.29, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44.

Luvu Brands (OTCMKTS:LUVU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.01 EPS for the quarter. The company had revenue of $6.55 million during the quarter. Luvu Brands had a negative return on equity of 53.41% and a negative net margin of 4.23%.

Luvu Brands Company Profile

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.