Lanvin Group Holdings Limited (NYSE:LANV) Short Interest Down 99.4% in August

Key Points

• Lanvin Group Holdings Limited experienced a dramatic reduction in short interest, dropping from 2,870,000 shares to 17,600 shares as of August 31st, marking a 99.4% decrease.
• The company's stock, trading at $2.19, remains below its fifty-two week high of $2.69 and above its low of $1.32.
• Lanvin operates as a luxury fashion house with several brands, including Lanvin, Wolford, and Sergio Rossi, providing a range of apparel and accessories across multiple regions.

Lanvin Group Holdings Limited (NYSE:LANV - Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 17,600 shares, a decrease of 99.4% from the August 15th total of 2,870,000 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 82,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 82,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Lanvin Group Price Performance

Lanvin Group stock traded up $0.04 during mid-day trading on Tuesday, reaching $2.08. 36,933 shares of the company's stock traded hands, compared to its average volume of 41,824. The stock has a 50 day moving average of $2.25 and a two-hundred day moving average of $2.21. Lanvin Group has a 12-month low of $1.32 and a 12-month high of $2.69.

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.