Lazydays Holdings, Inc. (NASDAQ:GORV) Sees Large Increase in Short Interest

Lazydays Holdings, Inc. (NASDAQ:GORV) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 576,600 shares, a growth of 6.1% from the July 31st total of 543,600 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 53,100 shares, the short-interest ratio is currently 10.9 days.

Lazydays Price Performance

GORV traded down $0.02 during trading hours on Tuesday, hitting $1.69. The company’s stock had a trading volume of 67,569 shares, compared to its average volume of 60,241. Lazydays has a 12 month low of $1.62 and a 12 month high of $11.55. The company has a current ratio of 0.78, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. The business’s 50-day moving average price is $2.60 and its 200-day moving average price is $3.35. The stock has a market cap of $23.95 million, a price-to-earnings ratio of -0.17 and a beta of 2.02.

Lazydays (NASDAQ:GORV) last announced its earnings results on Thursday, August 15th. The company reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($1.12). Lazydays had a negative net margin of 18.19% and a negative return on equity of 35.04%. The business had revenue of $238.69 million for the quarter, compared to analysts’ expectations of $302.40 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. Sell-side analysts expect that Lazydays will post -2.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GORV shares. CJS Securities reiterated a “market perform” rating on shares of Lazydays in a research note on Monday, August 19th. Truist Financial dropped their price target on Lazydays from $4.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, August 19th.

Hedge Funds Weigh In On Lazydays

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Lazydays during the 2nd quarter valued at about $36,000. Dimensional Fund Advisors LP purchased a new position in shares of Lazydays during the second quarter valued at approximately $187,000. Finally, Nantahala Capital Management LLC bought a new position in shares of Lazydays during the second quarter valued at approximately $1,270,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Lazydays Company Profile

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.