Short Interest in Lanvin Group Holdings Limited (NYSE:LANV) Drops By 20.9%

Lanvin Group Holdings Limited (NYSE:LANV) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 47,700 shares, a drop of 20.9% from the October 15th total of 60,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 41,700 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Lanvin Group

An institutional investor recently bought a new position in Lanvin Group stock. Townsquare Capital LLC acquired a new position in Lanvin Group Holdings Limited (NYSE:LANV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,388 shares of the company’s stock, valued at approximately $45,000. Institutional investors and hedge funds own 86.40% of the company’s stock.

Lanvin Group Price Performance

NYSE LANV traded up $0.22 on Friday, reaching $1.80. 7,479 shares of the stock traded hands, compared to its average volume of 18,595. Lanvin Group has a 12 month low of $0.91 and a 12 month high of $4.28. The company has a current ratio of 0.53, a quick ratio of 0.23 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $1.69 and a 200-day moving average price of $1.67.

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.