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

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 17,748 shares, a decrease of 39.4% from the January 29th total of 29,267 shares. Based on an average daily trading volume, of 54,410 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 54,410 shares, the days-to-cover ratio is presently 0.3 days.

Lulu’s Fashion Lounge Stock Performance

Shares of LVLU opened at $15.45 on Friday. Lulu’s Fashion Lounge has a 1 year low of $2.98 and a 1 year high of $32.32. The company’s 50-day simple moving average is $13.34 and its 200-day simple moving average is $7.77. The stock has a market capitalization of $42.80 million, a PE ratio of -0.96 and a beta of 0.47.

Wall Street Analyst Weigh In

LVLU has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Lulu’s Fashion Lounge to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a report on Friday, January 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $15.00.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

Several hedge funds and other institutional investors have recently made changes to their positions in LVLU. Chico Wealth RIA purchased a new stake in shares of Lulu’s Fashion Lounge during the third quarter worth approximately $477,000. Renaissance Technologies LLC purchased a new position in Lulu’s Fashion Lounge in the fourth quarter worth approximately $56,000. Finally, Birchwood Financial Partners Inc. acquired a new position in Lulu’s Fashion Lounge during the 4th quarter worth approximately $25,000. Hedge funds and other institutional investors own 73.79% of the company’s stock.

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.