Short Interest in Luvu Brands, Inc. (OTCMKTS:LUVU) Declines By 85.1%

Luvu Brands, Inc. (OTCMKTS:LUVU) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 872 shares, a decline of 85.1% from the April 15th total of 5,872 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 14,466 shares, the days-to-cover ratio is currently 0.1 days.

Luvu Brands Price Performance

OTCMKTS:LUVU remained flat at $0.03 during trading hours on Tuesday. The company’s stock had a trading volume of 33,000 shares, compared to its average volume of 18,691. The firm has a market cap of $2.23 million, a price-to-earnings ratio of -1.45 and a beta of 1.33. The business has a 50 day simple moving average of $0.03 and a 200-day simple moving average of $0.03. Luvu Brands has a 52-week low of $0.02 and a 52-week high of $0.05. The company has a quick ratio of 0.55, a current ratio of 1.24 and a debt-to-equity ratio of 0.50.

Luvu Brands (OTCMKTS:LUVU) last released its quarterly earnings results on Friday, February 13th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $6.88 million for 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.