Lanvin Group Holdings Limited (NYSE:LANV) Short Interest Up 69.0% in August

Lanvin Group Holdings Limited (NYSE:LANV) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 95,073 shares, a growth of 69.0% from the August 15th total of 56,259 shares. Based on an average daily trading volume, of 43,494 shares, the short-interest ratio is presently 2.2 days. Approximately 0.1% of the company’s shares are short sold.

Lanvin Group Stock Performance

Shares of LANV opened at $1.06 on Friday. Lanvin Group has a 12 month low of $0.95 and a 12 month high of $2.31. The stock’s 50-day moving average is $1.14 and its two-hundred day moving average is $1.43.

Lanvin Group (NYSE:LANV) last announced its earnings results on Wednesday, August 26th. The company reported ($0.29) EPS for the quarter. The company had revenue of $57.52 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Lanvin Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lanvin Group currently has a consensus rating of “Sell”.

Lanvin Group Company Profile

Lanvin Group is a global luxury fashion group that develops, manages and operates a portfolio of heritage and contemporary brands. Its portfolio includes Lanvin, Wolford, Sergio Rossi, St. John Knits and Caruso, spanning fashion, accessories, footwear and related luxury products.

The group’s brands serve customers through retail stores, wholesale partners and digital channels across key luxury markets, including Europe, North America and Greater China, as well as other international regions.