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

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

Lazydays Trading Up 15.2 %

NASDAQ GORV traded up $0.13 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 quick ratio of 0.12, a current ratio of 0.91 and a debt-to-equity ratio of 2.35. The stock has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.76. Lazydays has a 12-month low of $0.76 and a 12-month high of $7.00. The firm has a market capitalization of $13.55 million, a price-to-earnings ratio of -0.07 and a beta of 1.97.

Insider Activity

In related news, major shareholder Coliseum Capital Management, L acquired 14,563,106 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average cost of $1.03 per share, for a total transaction of $14,999,999.18. Following the acquisition, the insider now owns 21,085,529 shares in the company, valued at $21,718,094.87. The trade was a 223.28 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Lazydays

Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Lazydays during the 2nd quarter valued at about $36,000. Dimensional Fund Advisors LP acquired a new stake in shares of Lazydays during the second quarter worth about $187,000. Finally, Nantahala Capital Management LLC purchased a new position in shares of Lazydays in the second quarter valued at approximately $1,270,000. 89.67% of the stock is owned by institutional investors and hedge funds.

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.