Level Brands (NASDAQ:LEVB) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 468,656 shares, a drop of 17.1% from the January 15th total of 565,260 shares. Based on an average daily volume of 157,527 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.0% of the shares of the stock are sold short.
Level Brands stock opened at $4.74 on Tuesday. Level Brands has a 52 week low of $2.54 and a 52 week high of $8.48.
Level Brands (NASDAQ:LEVB) last posted its quarterly earnings data on Thursday, December 13th. The company reported ($0.11) EPS for the quarter. The company had revenue of $1.45 million during the quarter.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Level Brands by 2,415.8% in the 4th quarter. BlackRock Inc. now owns 328,468 shares of the company’s stock valued at $1,015,000 after buying an additional 315,412 shares during the period. Vanguard Group Inc purchased a new stake in Level Brands in the 3rd quarter valued at about $874,000. Vanguard Group Inc. purchased a new stake in Level Brands in the 3rd quarter valued at about $874,000. Raymond James & Associates purchased a new stake in Level Brands in the 4th quarter valued at about $116,000. Finally, K.J. Harrison & Partners Inc purchased a new stake in Level Brands in the 4th quarter valued at about $89,000.
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About Level Brands
Level Brands, Inc operates as a branding and marketing company. It operates through three business segments: Professional Products, Licensing, and Entertainment. The Professional Products segment produces and markets hair care and beauty products. This segment offers silkening shampoo and conditioner under the Flaunt name; spray gel under the Linger; spray on conditioner under the Luxe name; firm hold finishing spray under the Fierce name; all in 1 cleansing and conditioning product under the Lavish name; hair rescue treatment product; blow out styling primer enhanced with marine botanicals under the Sway name; hair spray under the Valor name; thermal protectant under the Fever name; shampoo and conditioner under the Rewind name; and dry shampoo under the Stay Dirty name.
See Also: Systematic Risk
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