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

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 11,253 shares, a decline of 39.7% from the April 30th total of 18,647 shares. Based on an average daily trading volume, of 10,092 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are sold short.

Lulu’s Fashion Lounge Price Performance

Shares of NASDAQ LVLU traded up $0.05 during trading hours on Thursday, reaching $8.23. The stock had a trading volume of 2,372 shares, compared to its average volume of 262,052. The business’s fifty day moving average is $10.20 and its two-hundred day moving average is $10.90. The company has a market cap of $23.52 million, a price-to-earnings ratio of -2.35 and a beta of 0.37. Lulu’s Fashion Lounge has a twelve month low of $2.98 and a twelve month high of $32.32.

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

Wall Street Analysts Forecast Growth

LVLU has been the subject of a number of research analyst reports. Wall Street Zen upgraded Lulu’s Fashion Lounge to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lulu’s Fashion Lounge presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LVLU. Chico Wealth RIA raised its stake 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 worth $896,000 after acquiring an additional 70,275 shares in the last quarter. Renaissance Technologies LLC raised its stake in 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. acquired a new position in Lulu’s Fashion Lounge during the fourth quarter worth $25,000. 73.79% of the stock is currently owned by institutional investors and hedge funds.

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.