Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Down 83.7% in January

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 29,267 shares, a decline of 83.7% from the January 15th total of 179,473 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 132,431 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 132,431 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.1% of the shares of the stock are short sold.

Lulu’s Fashion Lounge Stock Down 2.8%

LVLU stock traded down $0.49 during trading on Tuesday, hitting $16.96. 47,086 shares of the company’s stock traded hands, compared to its average volume of 142,046. The stock has a market capitalization of $46.98 million, a price-to-earnings ratio of -1.05 and a beta of 0.47. Lulu’s Fashion Lounge has a 52 week low of $2.98 and a 52 week high of $32.32. The stock has a fifty day moving average price of $10.81 and a two-hundred day moving average price of $6.80.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Chico Wealth RIA bought a new position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 101,432 shares of the company’s stock, valued at approximately $477,000. Lulu’s Fashion Lounge comprises 0.3% of Chico Wealth RIA’s holdings, making the stock its 22nd biggest position. Chico Wealth RIA owned about 3.69% of Lulu’s Fashion Lounge at the end of the most recent quarter. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.