Short Interest in LL Flooring Holdings, Inc. (NYSE:LL) Rises By 54.4%

LL Flooring Holdings, Inc. (NYSE:LL) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,510,000 shares, an increase of 54.4% from the June 30th total of 977,900 shares. Based on an average daily volume of 633,600 shares, the short-interest ratio is presently 2.4 days. Approximately 5.8% of the shares of the stock are short sold.

LL Flooring Price Performance

Shares of NYSE:LL traded up $0.06 during trading on Friday, reaching $0.98. The stock had a trading volume of 850,822 shares, compared to its average volume of 1,479,732. LL Flooring has a 52 week low of $0.53 and a 52 week high of $4.85. The business’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.55 and a quick ratio of 0.13. The stock has a market capitalization of $30.11 million, a PE ratio of -0.23 and a beta of 1.73.

LL Flooring (NYSE:LL) last posted its earnings results on Wednesday, May 8th. The specialty retailer reported ($1.04) earnings per share (EPS) for the quarter. LL Flooring had a negative net margin of 14.30% and a negative return on equity of 64.43%. The firm had revenue of $188.49 million during the quarter.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Loop Capital cut their price target on shares of LL Flooring from $2.00 to $1.00 and set a “hold” rating for the company in a research note on Monday, July 1st. StockNews.com assumed coverage on shares of LL Flooring in a research note on Tuesday, June 11th. They set a “sell” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LL. Alpine Global Management LLC raised its position in LL Flooring by 234.5% in the 1st quarter. Alpine Global Management LLC now owns 501,746 shares of the specialty retailer’s stock worth $918,000 after purchasing an additional 351,746 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in LL Flooring in the 4th quarter worth approximately $441,000. Sierra Summit Advisors LLC bought a new position in LL Flooring in the 4th quarter worth approximately $266,000. Jump Financial LLC grew its holdings in LL Flooring by 36.0% during the 4th quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock worth $107,000 after acquiring an additional 7,228 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in LL Flooring during the 1st quarter worth $29,000. Institutional investors own 54.33% of the company’s stock.

LL Flooring Company Profile

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard and soft surface flooring, and hard and soft surface flooring enhancements and accessories. The company offers hard and soft surface flooring including, waterproof hybrid resilient, waterproof vinyl plank, solid and engineered hardwood, laminate, bamboo, tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools, as well as Duravana, a hybrid resilient flooring under the Bellawood, Coreluxe, ReNature by Coreluxe, and Duravana brand names.