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

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

LL Flooring Price Performance

NYSE LL traded up $0.06 during mid-day trading on Friday, hitting $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 company has a market cap of $30.11 million, a price-to-earnings ratio of -0.23 and a beta of 1.73. The company has a 50 day simple moving average of $1.29 and a 200 day simple moving average of $1.79. The company has a quick ratio of 0.13, a current ratio of 1.55 and a debt-to-equity ratio of 0.69.

LL Flooring (NYSE:LL) last released its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported ($1.04) earnings per share 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.

Hedge Funds Weigh In On LL Flooring

Several hedge funds have recently bought and sold shares of the company. Jump Financial LLC increased its position in LL Flooring by 36.0% during 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. Dynamic Technology Lab Private Ltd purchased a new position in LL Flooring during the fourth quarter worth $441,000. Sierra Summit Advisors LLC purchased a new position in LL Flooring during the fourth quarter worth $266,000. State Board of Administration of Florida Retirement System purchased a new position in LL Flooring during the first quarter worth $29,000. Finally, Alpine Global Management LLC increased its position in LL Flooring by 234.5% during the first quarter. Alpine Global Management LLC now owns 501,746 shares of the specialty retailer’s stock worth $918,000 after buying an additional 351,746 shares in the last quarter. 54.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LL. Loop Capital reduced their price target on LL Flooring from $2.00 to $1.00 and set a “hold” rating for the company in a report on Monday, July 1st. StockNews.com began coverage on LL Flooring in a report on Tuesday, June 11th. They issued a “sell” rating for the company.

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.