Lazydays Holdings, Inc. (NASDAQ:GORV) Short Interest Update

Lazydays Holdings, Inc. (NASDAQ:GORV) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 743,800 shares, a drop of 8.2% from the November 30th total of 810,600 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average trading volume of 314,600 shares, the days-to-cover ratio is presently 2.4 days.

Lazydays Stock Performance

GORV stock traded up $0.13 during midday trading on Wednesday, reaching $0.96. The stock had a trading volume of 185,254 shares, compared to its average volume of 126,298. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.12 and a current ratio of 0.91. The firm has a fifty day simple moving average of $0.99 and a two-hundred day simple moving average of $1.76. The stock has a market cap of $13.55 million, a PE ratio of -0.07 and a beta of 1.97. Lazydays has a 52-week low of $0.76 and a 52-week high of $7.00.

Insider Activity

In other news, major shareholder Coliseum Capital Management, L purchased 14,563,106 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $1.03 per share, with a total value of $14,999,999.18. Following the completion of the acquisition, the insider now owns 21,085,529 shares of the company’s stock, valued at $21,718,094.87. This trade represents a 223.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Nantahala Capital Management LLC acquired a new position in shares of Lazydays in the second quarter worth about $1,270,000. Dimensional Fund Advisors LP purchased a new position in Lazydays during the second quarter worth approximately $187,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lazydays in the second quarter valued at approximately $36,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

About Lazydays

Lazydays Holdings, Inc operates recreational vehicle (RV) dealerships under the Lazydays name in the United States. The company offers RV sales, RV-repair and services, financing and insurance products, third-party protection plans, and after-market parts and accessories. It also operates the Lazydays RV resort at Tampa, Florida.