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

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large growth in short interest in the month of 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. Approximately 6.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,406,315 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 2,406,315 shares, the days-to-cover ratio is presently 0.1 days. Approximately 6.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

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

Lulu’s Fashion Lounge Trading Down 12.3%

Shares of NASDAQ:LVLU traded down $2.34 during trading on Wednesday, hitting $16.73. 51,400 shares of the company were exchanged, compared to its average volume of 1,410,550. Lulu’s Fashion Lounge has a fifty-two week low of $2.98 and a fifty-two week high of $32.32. The stock has a market cap of $46.35 million, a price-to-earnings ratio of -1.04 and a beta of 0.37. The firm has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $5.89.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last released its quarterly earnings data 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. Lulu’s Fashion Lounge had a negative return on equity of 251.91% and a negative net margin of 15.83%.The firm had revenue of $73.59 million for the quarter, compared to analyst estimates of $75.68 million. As a group, research analysts predict that Lulu’s Fashion Lounge will post -0.74 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research report on Friday, January 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lulu’s Fashion Lounge presently 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.