Short Interest in Luvu Brands, Inc. (OTCMKTS:LUVU) Declines By 90.5%

Luvu Brands, Inc. (OTCMKTS:LUVUGet Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,891 shares, a decline of 90.5% from the July 15th total of 19,979 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 29,761 shares, the days-to-cover ratio is currently 0.1 days.

Luvu Brands Price Performance

OTCMKTS:LUVU remained flat at $0.03 during mid-day trading on Thursday. The company had a trading volume of 10,500 shares, compared to its average volume of 11,408. The company has a fifty day moving average of $0.03 and a 200 day moving average of $0.03. Luvu Brands has a 12-month low of $0.01 and a 12-month high of $0.05. The company has a market cap of $2.15 million, a PE ratio of -2.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 1.29.

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

About Luvu Brands

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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.

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