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

Luvu Brands, Inc. (OTCMKTS:LUVU) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 24,326 shares, a drop of 51.7% from the June 15th total of 50,399 shares. Based on an average trading volume of 41,835 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are sold short.

Luvu Brands Stock Performance

Shares of LUVU traded down $0.00 during trading hours on Wednesday, hitting $0.04. The company’s stock had a trading volume of 516 shares, compared to its average volume of 47,810. The company has a market cap of $2.73 million, a price-to-earnings ratio of -3.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.29 and a quick ratio of 0.60. The business has a 50 day simple moving average of $0.03 and a two-hundred day simple moving average of $0.03. Luvu Brands has a 52-week low of $0.01 and a 52-week high of $0.05.

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

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.