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

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

Luvu Brands Stock Performance

Shares of OTCMKTS:LUVU remained flat at $0.04 on Thursday. 516 shares of the stock traded hands, compared to its average volume of 13,655. The stock has a market cap of $2.73 million, a price-to-earnings ratio of -3.55 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.29 and a quick ratio of 0.60. The stock has a fifty day moving average price of $0.03 and a 200 day moving average price of $0.03. Luvu Brands has a 1-year low of $0.01 and a 1-year high of $0.05.

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

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.