LL Flooring Holdings, Inc. (NYSE:LL) Sees Significant Decline in Short Interest

LL Flooring Holdings, Inc. (NYSE:LL) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 882,800 shares, a drop of 19.7% from the March 31st total of 1,100,000 shares. Based on an average daily volume of 255,700 shares, the short-interest ratio is currently 3.5 days. Currently, 3.3% of the shares of the company are sold short.

Hedge Funds Weigh In On LL Flooring

Several institutional investors have recently made changes to their positions in LL. Dynamic Technology Lab Private Ltd purchased a new position in shares of LL Flooring during the 4th quarter valued at approximately $441,000. Sierra Summit Advisors LLC purchased a new position in shares of LL Flooring during the 4th quarter valued at approximately $266,000. Values First Advisors Inc. increased its holdings in shares of LL Flooring by 27.2% during the 4th quarter. Values First Advisors Inc. now owns 154,754 shares of the specialty retailer’s stock valued at $604,000 after purchasing an additional 33,117 shares in the last quarter. Innovis Asset Management LLC purchased a new stake in LL Flooring in the 3rd quarter worth $87,000. Finally, Gladius Capital Management LP purchased a new stake in LL Flooring in the 3rd quarter worth $29,000. 54.33% of the stock is owned by hedge funds and other institutional investors.

LL Flooring Stock Performance

NYSE LL traded down $0.01 on Friday, hitting $1.50. 137,212 shares of the company’s stock traded hands, compared to its average volume of 167,144. The company has a current ratio of 1.54, a quick ratio of 0.12 and a debt-to-equity ratio of 0.42. LL Flooring has a 1-year low of $1.46 and a 1-year high of $5.52. The firm’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $2.72. The firm has a market capitalization of $46.26 million, a PE ratio of -0.42 and a beta of 1.89.

LL Flooring (NYSE:LL) last announced its quarterly earnings data on Friday, March 1st. The specialty retailer reported ($0.64) EPS for the quarter. LL Flooring had a negative net margin of 11.44% and a negative return on equity of 44.10%. The business had revenue of $211.78 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of LL Flooring in a research note on Wednesday. They issued a “sell” rating for the company.

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.