Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Stock Short Interest Report for September

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 4,339 shares, a decline of 41.1% from the September 15th total of 7,367 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,341 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

An institutional investor recently raised its position in Lulu’s Fashion Lounge stock. Renaissance Technologies LLC lifted its position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 187.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,665 shares of the company’s stock after acquiring an additional 20,001 shares during the quarter. Renaissance Technologies LLC owned approximately 1.07% of Lulu’s Fashion Lounge worth $390,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 73.79% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LVLU shares. Weiss Ratings upgraded shares of Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Lulu’s Fashion Lounge to a “hold” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Lulu’s Fashion Lounge currently has an average rating of “Sell”.

Lulu’s Fashion Lounge Trading Up 3.1%

Shares of NASDAQ LVLU opened at $13.79 on Thursday. The company has a market cap of $39.58 million, a price-to-earnings ratio of -4.69 and a beta of 0.27. Lulu’s Fashion Lounge has a 12 month low of $4.26 and a 12 month high of $32.32. The stock has a 50-day moving average price of $13.01 and a two-hundred day moving average price of $11.39.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.37). The company had revenue of $67.81 million for the quarter, compared to the consensus estimate of $83.49 million. Lulu’s Fashion Lounge had a negative net margin of 3.17% and a negative return on equity of 946.15%.

About Lulu’s Fashion Lounge

Lulu’s Fashion Lounge Holdings, Inc operates an online fashion retail business focused on women’s apparel, footwear, accessories and occasionwear. Through its Lulus brand, the company offers dresses, tops, bottoms, jumpsuits, shoes, handbags, jewelry and other fashion products, with an emphasis on styles for events such as weddings, parties and other special occasions.

The company was founded in 1996 by mother-and-daughter entrepreneurs Debra Cannon and Colleen Winter. It began as a vintage clothing store in Chico, California, before developing into a digitally focused fashion retailer.