LL Flooring Holdings, Inc. (NYSE:LL) Sees Significant Drop in Short Interest

LL Flooring Holdings, Inc. (NYSE:LLGet Rating) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,250,000 shares, a decrease of 8.2% from the October 15th total of 2,450,000 shares. Based on an average daily volume of 378,800 shares, the short-interest ratio is currently 5.9 days. Approximately 7.9% of the shares of the stock are short sold.

LL Flooring Trading Down 7.9 %

LL opened at $7.14 on Thursday. The stock has a market cap of $209.22 million, a PE ratio of 15.87 and a beta of 2.18. The company has a quick ratio of 0.17, a current ratio of 1.95 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $7.46 and a 200-day moving average of $9.38. LL Flooring has a 52 week low of $6.00 and a 52 week high of $18.43.

Analyst Ratings Changes

Separately, StockNews.com lowered LL Flooring from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd.

Institutional Trading of LL Flooring

A number of institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC increased its holdings in shares of LL Flooring by 4,788.8% in the third quarter. CWM LLC now owns 4,351 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 4,262 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in LL Flooring during the second quarter worth $39,000. Captrust Financial Advisors increased its position in shares of LL Flooring by 66.2% during the first quarter. Captrust Financial Advisors now owns 2,767 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 1,102 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of LL Flooring by 518.9% during the third quarter. Tower Research Capital LLC TRC now owns 8,980 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 7,529 shares in the last quarter. Finally, Vantage Consulting Group Inc acquired a new position in shares of LL Flooring in the 3rd quarter valued at $70,000. Institutional investors own 79.45% of the company’s stock.

LL Flooring Company Profile

(Get Rating)

LL Flooring Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species; waterproof vinyl plank, engineered hardwood, laminate, bamboo, porcelain tile, and cork products; and flooring enhancements and accessories, including moldings, underlayment, adhesives, and tools under the Bellawood and Coreluxe brand names.

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