Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Down 73.1% in July

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 11,544 shares, a decrease of 73.1% from the July 15th total of 42,952 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 33,483 shares, the days-to-cover ratio is currently 0.3 days.

Lulu’s Fashion Lounge Stock Performance

NASDAQ:LVLU traded up $0.21 during mid-day trading on Thursday, hitting $17.15. 1,891 shares of the company’s stock traded hands, compared to its average volume of 193,832. The company has a fifty day moving average of $11.78 and a 200 day moving average of $12.46. Lulu’s Fashion Lounge has a twelve month low of $3.51 and a twelve month high of $32.32. The company has a market capitalization of $49.05 million, a P/E ratio of -4.93 and a beta of 0.29.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.37). Lulu’s Fashion Lounge had a negative return on equity of 423.50% and a negative net margin of 3.56%.The business had revenue of $67.81 million during the quarter, compared to analyst estimates of $83.49 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lulu’s Fashion Lounge currently has a consensus rating of “Sell”.

Institutional Trading of Lulu’s Fashion Lounge

A number of institutional investors have recently bought and sold shares of LVLU. Birchwood Financial Partners Inc. purchased a new position in shares of Lulu’s Fashion Lounge in the fourth quarter worth about $25,000. Renaissance Technologies LLC purchased a new position in shares of Lulu’s Fashion Lounge during the 4th quarter valued at approximately $56,000. Finally, Chico Wealth RIA lifted its stake in shares of Lulu’s Fashion Lounge by 69.3% in the 4th 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 period. 73.79% of the stock is currently owned by institutional investors and hedge funds.

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.