Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Update

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 6,989 shares, a drop of 37.9% from the May 14th total of 11,253 shares. Based on an average trading volume of 7,663 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

Several hedge funds have recently bought and sold shares of the stock. Chico Wealth RIA lifted its position in Lulu’s Fashion Lounge by 69.3% during the fourth quarter. Chico Wealth RIA now owns 171,707 shares of the company’s stock valued at $896,000 after purchasing an additional 70,275 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Lulu’s Fashion Lounge by 187.6% during the first quarter. Renaissance Technologies LLC now owns 30,665 shares of the company’s stock worth $390,000 after acquiring an additional 20,001 shares in the last quarter. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of Lulu’s Fashion Lounge in the 4th quarter worth approximately $25,000. 73.79% of the stock is currently owned by institutional investors.

Lulu’s Fashion Lounge Price Performance

Shares of Lulu’s Fashion Lounge stock opened at $7.68 on Monday. Lulu’s Fashion Lounge has a 1 year low of $2.98 and a 1 year high of $32.32. The firm has a market cap of $21.96 million, a PE ratio of -2.19 and a beta of 0.37. The company has a 50 day simple moving average of $9.50 and a two-hundred day simple moving average of $11.05.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its earnings results on Wednesday, May 13th. The company reported ($1.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.80) by $0.36. Lulu’s Fashion Lounge had a negative net margin of 3.56% and a negative return on equity of 423.50%. The business had revenue of $57.53 million during the quarter, compared to analyst estimates of $64.16 million.

Analyst Ratings Changes

A number of research firms have recently commented on LVLU. Wall Street Zen upgraded shares of Lulu’s Fashion Lounge to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings upgraded shares of Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, 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.