Short Interest in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Declines By 31.5%

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 11,962 shares, a decline of 31.5% from the February 26th total of 17,471 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 42,970 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LVLU. Chico Wealth RIA bought a new stake in shares of Lulu’s Fashion Lounge during the third quarter valued at approximately $477,000. Renaissance Technologies LLC acquired a new stake in Lulu’s Fashion Lounge in the 4th quarter valued at $56,000. Finally, Birchwood Financial Partners Inc. bought a new stake in Lulu’s Fashion Lounge during the 4th quarter valued at $25,000. Institutional investors own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Trading Down 9.0%

LVLU traded down $1.25 during midday trading on Friday, hitting $12.67. The company had a trading volume of 38,838 shares, compared to its average volume of 35,629. Lulu’s Fashion Lounge has a 52 week low of $2.98 and a 52 week high of $32.32. The stock’s 50 day moving average price is $16.11 and its 200 day moving average price is $9.24.

Wall Street Analysts Forecast Growth

LVLU has been the subject of several recent analyst reports. Wall Street Zen raised Lulu’s Fashion Lounge to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Lulu’s Fashion Lounge Company Profile

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.