Luvu Brands, Inc. (OTCMKTS:LUVU) Sees Significant Decrease in Short Interest

Luvu Brands, Inc. (OTCMKTS:LUVU) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,891 shares, a drop of 90.5% from the July 15th total of 19,979 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 29,761 shares, the days-to-cover ratio is presently 0.1 days.

Luvu Brands Stock Performance

Shares of LUVU stock remained flat at $0.03 during midday trading on Tuesday. 500 shares of the company traded hands, compared to its average volume of 12,383. Luvu Brands has a 1-year low of $0.01 and a 1-year high of $0.05. The stock has a market cap of $2.44 million, a price-to-earnings ratio of -3.17 and a beta of 1.17. The firm has a 50 day moving average price of $0.03 and a 200 day moving average price of $0.03. The company has a quick ratio of 0.60, a current ratio of 1.29 and a debt-to-equity ratio of 0.44.

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

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.