Short Interest in Luvu Brands, Inc. (OTCMKTS:LUVU) Expands By 10,723.5%

Luvu Brands, Inc. (OTCMKTS:LUVU) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 85,722 shares, a growth of 10,723.5% from the May 14th total of 792 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 92,933 shares, the days-to-cover ratio is currently 0.9 days.

Luvu Brands Stock Performance

Shares of OTCMKTS:LUVU remained flat at $0.03 during midday trading on Tuesday. 500 shares of the stock were exchanged, compared to its average volume of 59,193. The stock has a market cap of $2.56 million, a price-to-earnings ratio of -3.33 and a beta of 1.33. The business has a 50 day moving average price of $0.03 and a 200 day moving average price of $0.03. Luvu Brands has a one year low of $0.01 and a one year high of $0.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.29 and a quick ratio of 0.60.

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