Short Interest in Lazydays Holdings Inc (NASDAQ:LAZY) Drops By 10.0%

Lazydays Holdings Inc (NASDAQ:LAZY) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 24,200 shares, a decrease of 10.0% from the September 30th total of 26,900 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 5,400 shares, the days-to-cover ratio is presently 4.5 days.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Lazydays by 15.2% in the second quarter. BlackRock Inc. now owns 16,621 shares of the company’s stock valued at $83,000 after acquiring an additional 2,190 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Lazydays by 67.7% in the second quarter. Vanguard Group Inc. now owns 26,516 shares of the company’s stock valued at $133,000 after acquiring an additional 10,700 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Lazydays in the third quarter valued at approximately $299,000. 35.21% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised Lazydays from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

Shares of LAZY stock traded down $0.05 during trading hours on Monday, hitting $4.56. The stock had a trading volume of 1,800 shares, compared to its average volume of 8,100. Lazydays has a twelve month low of $3.60 and a twelve month high of $7.03. The stock’s 50 day moving average is $4.44 and its 200 day moving average is $4.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.44.

About Lazydays

Lazydays Holdings, Inc, through its subsidiaries, operates recreation vehicle (RV) dealerships in the United States. It provides various products, including RV sales, RV services, financing and insurance products, RV parts and accessories, RV rentals, third-party protection plans, after-market parts and accessories, and RV camping for RV owners.

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