Lanvin Group Holdings Limited (NYSE:LANV) Short Interest Up 85.3% in July

Lanvin Group Holdings Limited (NYSE:LANV) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 48,059 shares, an increase of 85.3% from the June 30th total of 25,930 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,604 shares, the short-interest ratio is currently 2.2 days.

Lanvin Group Stock Down 3.2%

LANV traded down $0.04 during mid-day trading on Thursday, reaching $1.22. The stock had a trading volume of 818 shares, compared to its average volume of 49,120. The firm’s fifty day simple moving average is $1.45 and its two-hundred day simple moving average is $1.56. Lanvin Group has a 52 week low of $1.03 and a 52 week high of $2.54.

Lanvin Group (NYSE:LANV) last released its earnings results on Friday, May 1st. The company reported ($0.83) earnings per share for the quarter. The firm had revenue of $62.47 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Lanvin Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Lanvin Group Company Profile

Lanvin Group (NYSE:LANV) is a global luxury fashion company centered on the heritage French brand Lanvin. The group designs, manufactures and distributes a broad range of upscale apparel, leather goods, footwear, accessories and fragrances. Its product portfolio spans womenswear, menswear and unisex items, complemented by seasonal collections and signature handbag lines.

Founded in 1889 by Jeanne Lanvin in Paris, Lanvin holds the distinction of being one of the oldest continually operating French couture houses.