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

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

Luvu Brands Stock Performance

OTCMKTS LUVU opened at $0.04 on Tuesday. Luvu Brands has a 52 week low of $0.01 and a 52 week high of $0.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 1.29. The stock’s 50 day moving average price is $0.03 and its two-hundred day moving average price is $0.03. The stock has a market capitalization of $2.77 million, a price-to-earnings ratio of -3.60 and a beta of 1.12.

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

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.