Short Interest in Luvu Brands, Inc. (OTCMKTS:LUVU) Decreases By 41.2%

Luvu Brands, Inc. (OTCMKTS:LUVU) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 50,399 shares, a drop of 41.2% from the May 31st total of 85,722 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 6,288 shares, the short-interest ratio is presently 8.0 days.

Luvu Brands Price Performance

Shares of LUVU stock opened at $0.04 on Wednesday. The firm has a market cap of $3.07 million, a price-to-earnings ratio of -4.00 and a beta of 1.33. Luvu Brands has a 12 month low of $0.01 and a 12 month high of $0.05. The company has a quick ratio of 0.60, a current ratio of 1.29 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $0.03 and a 200 day moving average price of $0.03.

Luvu Brands (OTCMKTS:LUVU) last released 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 company 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.