Lanvin Group Holdings Limited (NYSE:LANV) Sees Significant Increase in Short Interest

Key Points

• Short interest rose 20.5% to 43,347 shares as of April 15, with a days-to-cover ratio of about 1.7 days and MarketBeat reporting 0.0% of the company's stock shorted.
• Shares traded up about 7.0%, opening at $1.62; the 50-day and 200-day simple moving averages are $1.63 and $1.79 respectively, with a 1-year range of $1.03 to $2.69.
• Analyst sentiment is negative: Weiss Ratings reissued a "sell (e+)" and the stock has an average rating of "Sell" on MarketBeat.

Lanvin Group Holdings Limited (NYSE:LANV - Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 43,347 shares, an increase of 20.5% from the March 31st total of 35,978 shares. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 24,890 shares, the days-to-cover ratio is currently 1.7 days.

Lanvin Group Trading Up 7.0%

Shares of LANV opened at $1.62 on Thursday. The firm has a fifty day simple moving average of $1.63 and a two-hundred day simple moving average of $1.79. Lanvin Group has a 1-year low of $1.03 and a 1-year high of $2.69.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Lanvin Group in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lanvin Group has an average rating of "Sell".

Lanvin Group Company Profile

Lanvin Group NYSE: LANV is a global luxury fashion company centered on the heritage French brand Lanvin. The group designs, manufactures and distributes a broad range of upscale apparel, leather goods, footwear, accessories and fragrances. Its product portfolio spans womenswear, menswear and unisex items, complemented by seasonal collections and signature handbag lines.

Founded in 1889 by Jeanne Lanvin in Paris, Lanvin holds the distinction of being one of the oldest continually operating French couture houses.

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