Level Brands (NASDAQ:LEVB) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 468,656 shares, a drop of 17.1% from the January 15th total of 565,260 shares. Based on an average trading volume of 157,527 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.0% of the shares of the company are short sold.

Shares of LEVB stock opened at $4.96 on Thursday. Level Brands has a twelve month low of $2.54 and a twelve month high of $8.48.

Level Brands (NASDAQ:LEVB) last announced its quarterly earnings results on Thursday, December 13th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $1.45 million during the quarter.

Hedge funds have recently made changes to their positions in the stock. K.J. Harrison & Partners Inc purchased a new position in Level Brands during the fourth quarter valued at approximately $89,000. Geode Capital Management LLC purchased a new position in Level Brands during the fourth quarter valued at approximately $118,000. BlackRock Inc. raised its position in Level Brands by 2,415.8% during the fourth quarter. BlackRock Inc. now owns 328,468 shares of the company’s stock valued at $1,015,000 after acquiring an additional 315,412 shares in the last quarter. Raymond James & Associates purchased a new position in Level Brands during the fourth quarter valued at approximately $116,000. Finally, Vanguard Group Inc. purchased a new position in Level Brands during the third quarter valued at approximately $874,000.

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Level Brands Company Profile

Level Brands, Inc operates as a branding and marketing company. It operates through three business segments: Professional Products, Licensing, and Entertainment. The Professional Products segment produces and markets hair care and beauty products. This segment offers silkening shampoo and conditioner under the Flaunt name; spray gel under the Linger; spray on conditioner under the Luxe name; firm hold finishing spray under the Fierce name; all in 1 cleansing and conditioning product under the Lavish name; hair rescue treatment product; blow out styling primer enhanced with marine botanicals under the Sway name; hair spray under the Valor name; thermal protectant under the Fever name; shampoo and conditioner under the Rewind name; and dry shampoo under the Stay Dirty name.

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