Furniture retailer La-Z-Boy (LZB) rose 14.8% intraday on June 17, after it reported a better-than-expected quarterly result. The company has bucked the trend of store closures by aggressively adding stores in the last quarter. In fact, in its last fiscal year, the company carried out the most aggressive expansion in its nearly 100-year history.
Post earnings, sentiment is running high around the stock, despite quarterly sales remaining flat. Data shows that only 4.13% of its float is shorted, with a 1.93-day short interest ratio. These do not necessarily signal warning signs. However, LZB also has a 61.54% off-exchange short volume ratio, including its “dark pool” volume.
