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

LL Flooring Holdings, Inc. (NYSE:LL) was the recipient of a large drop in short interest in the month of 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. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily volume of 255,700 shares, the short-interest ratio is presently 3.5 days.

Institutional Investors Weigh In On LL Flooring

Several hedge funds have recently bought and sold shares of LL. Jump Financial LLC lifted its stake in shares of LL Flooring by 36.0% in the fourth quarter. Jump Financial LLC now owns 27,315 shares of the specialty retailer’s stock worth $107,000 after buying an additional 7,228 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of LL Flooring in the third quarter worth approximately $29,000. Values First Advisors Inc. lifted its stake in shares of LL Flooring by 18.7% in the third quarter. Values First Advisors Inc. now owns 121,637 shares of the specialty retailer’s stock worth $386,000 after buying an additional 19,165 shares in the last quarter. Innovis Asset Management LLC bought a new position in shares of LL Flooring in the third quarter worth approximately $87,000. Finally, Sierra Summit Advisors LLC bought a new position in shares of LL Flooring in the fourth quarter worth approximately $266,000. Institutional investors own 54.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LL Flooring Trading Down 0.7 %

Shares of LL stock traded down $0.01 during mid-day trading on Friday, reaching $1.50. The stock had a trading volume of 137,212 shares, compared to its average volume of 167,144. The stock’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $2.72. LL Flooring has a 52-week low of $1.46 and a 52-week high of $5.52. The firm has a market capitalization of $46.26 million, a PE ratio of -0.42 and a beta of 1.89. 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 (NYSE:LL) last announced its quarterly earnings results on Friday, March 1st. The specialty retailer reported ($0.64) earnings per share (EPS) for the quarter. LL Flooring had a negative net margin of 11.44% and a negative return on equity of 44.10%. The company had revenue of $211.78 million for the quarter.

About LL Flooring

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.