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

Key Points

• Lanvin Group Holdings Limited experienced a dramatic rise in short interest, increasing by 9,309.8% in August, totaling 2,870,000 shares as of August 15th.
• As a result of this trend, the short-interest ratio is currently at 35.7 days, indicating a significant level of bearish sentiment among investors.
• The company’s stock price rose by 1.4% to reach $2.12, with a notable trading volume of 21,663 shares on the day.

Lanvin Group Holdings Limited (NYSE:LANV - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 2,870,000 shares, anincreaseof9,309.8% from the July 31st total of 30,500 shares. Approximately9.3% of the company's shares are short sold. Based on an average trading volume of 80,500 shares, the short-interest ratio is currently 35.7 days. Based on an average trading volume of 80,500 shares, the short-interest ratio is currently 35.7 days. Approximately9.3% of the company's shares are short sold.

Lanvin Group Trading Up 2.6%

LANV stock traded up $0.06 during midday trading on Friday, reaching $2.35. 58,322 shares of the company's stock traded hands, compared to its average volume of 106,122. Lanvin Group has a fifty-two week low of $1.32 and a fifty-two week high of $2.69. The business has a 50-day moving average price of $2.26 and a two-hundred day moving average price of $2.19.

About Lanvin Group

Lanvin Group Holdings Limited operates as a couture house in the Europe, the Middle East, Africa, North America, China, and other Asian countries. It operates through five segments: Lanvin, Wolford, St. John, Sergio Rossi, and Caruso. The company offers ready-to-wear, made to measure, footwear, leather goods, costume jewelry, accessories, eyewear, and childrenswear under the Lanvin brand name; ready-to-wear, legwear, lingerie and beachwear, athleisure, and accessories under the Wolford brand; footwear under the Sergio Rossi brand name; luxury womenswear, footwear, handbags, jewelry, and leather goods under the St.