Lanvin Group Holdings Limited (NYSE:LANV) Short Interest Update

Key Points

• As of March 31, short interest in Lanvin Group fell 27.2% to 35,978 shares from 49,402 on March 15, leaving a short-interest ratio of about 0.3 days and effectively 0.0% of the company's stock reported as sold short.
• Shares traded at $1.45 (down $0.05) with 62,561 shares changing hands—above its average volume—while the 52-week range is $1.03 to $2.69 and the 50-/200-day moving averages are $1.60 and $1.83, respectively.
• Weiss Ratings reaffirmed a "sell (e+)" on January 22, and MarketBeat reports the stock's consensus analyst rating as Sell.

Lanvin Group Holdings Limited (NYSE:LANV - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 35,978 shares, a drop of 27.2% from the March 15th total of 49,402 shares. Based on an average daily trading volume, of 114,961 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are sold short.

Lanvin Group Stock Performance

NYSE LANV traded down $0.05 on Wednesday, hitting $1.45. 62,561 shares of the company's stock traded hands, compared to its average volume of 30,976. Lanvin Group has a 1-year low of $1.03 and a 1-year high of $2.69. The firm's 50-day moving average price is $1.60 and its two-hundred day moving average price is $1.83.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Lanvin Group in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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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