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

Luvu Brands, Inc. (OTCMKTS:LUVU) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 24,326 shares, a decline of 51.7% from the June 15th total of 50,399 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 41,835 shares, the days-to-cover ratio is presently 0.6 days.

Luvu Brands Price Performance

LUVU opened at $0.04 on Tuesday. The stock’s fifty day simple moving average is $0.03 and its 200 day simple moving average is $0.03. 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 $2.77 million, a PE ratio of -3.60 and a beta of 1.12. 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 released its quarterly earnings data on Friday, May 15th. The company reported $0.01 EPS for the quarter. Luvu Brands had a negative net margin of 4.23% and a negative return on equity of 53.41%. The firm had revenue of $6.55 million during the quarter.

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.