Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Sees Large Increase in Short Interest

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 179,473 shares, a growth of 211.4% from the December 31st total of 57,629 shares. Based on an average daily trading volume, of 2,406,315 shares, the short-interest ratio is presently 0.1 days. Approximately 6.9% of the shares of the stock are sold short. Approximately 6.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,406,315 shares, the short-interest ratio is presently 0.1 days.

Lulu’s Fashion Lounge Stock Down 0.6%

Lulu’s Fashion Lounge stock traded down $0.11 during midday trading on Thursday, reaching $16.83. 41,394 shares of the stock traded hands, compared to its average volume of 1,338,679. The stock has a market cap of $46.65 million, a P/E ratio of -1.04 and a beta of 0.37. The stock’s fifty day moving average is $8.66 and its 200-day moving average is $5.97. Lulu’s Fashion Lounge has a 12 month low of $2.98 and a 12 month high of $32.32.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.84) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.90) by $0.06. Lulu’s Fashion Lounge had a negative return on equity of 251.91% and a negative net margin of 15.83%.The business had revenue of $73.59 million for the quarter, compared to analysts’ expectations of $75.68 million. On average, equities analysts predict that Lulu’s Fashion Lounge will post -0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research note on Friday, January 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lulu’s Fashion Lounge currently has an average rating of “Reduce” and a consensus target price of $15.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Chico Wealth RIA purchased a new position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 101,432 shares of the company’s stock, valued at approximately $477,000. Lulu’s Fashion Lounge makes up 0.3% of Chico Wealth RIA’s portfolio, making the stock its 22nd largest position. Chico Wealth RIA owned approximately 3.69% of Lulu’s Fashion Lounge as of its most recent SEC filing. 73.79% of the stock is currently owned by institutional investors and hedge funds.

About Lulu’s Fashion Lounge

Lulu’s Fashion Lounge, Inc is a publicly traded e-commerce apparel retailer that specializes in women’s fashion. Headquartered in Chico, California, the company operates under the “Lulus” brand, offering a curated selection of apparel, footwear and accessories designed to meet the trends and needs of a diverse female audience. Since completing its initial public offering and listing on the NASDAQ under the ticker symbol LVLU, Lulu’s has focused on expanding its direct-to-consumer business model and enhancing its online platform to drive global reach.

The company’s core product portfolio includes dresses, tops, denim, swimwear, jumpsuits and outerwear, complemented by a range of shoes, jewelry and handbags.