Short Interest in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Drops By 37.9%

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 6,989 shares, a decline of 37.9% from the May 14th total of 11,253 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 7,663 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

Several hedge funds have recently added to or reduced their stakes in LVLU. Chico Wealth RIA boosted its position in Lulu’s Fashion Lounge by 69.3% during the 4th quarter. Chico Wealth RIA now owns 171,707 shares of the company’s stock worth $896,000 after buying an additional 70,275 shares during the period. Renaissance Technologies LLC acquired a new stake in Lulu’s Fashion Lounge during the 4th quarter worth approximately $56,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in Lulu’s Fashion Lounge during the 4th quarter worth approximately $25,000. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LVLU shares. Weiss Ratings raised shares of Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Wall Street Zen raised shares of Lulu’s Fashion Lounge to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Lulu’s Fashion Lounge has a consensus rating of “Sell”.

Lulu’s Fashion Lounge Trading Up 4.0%

NASDAQ:LVLU traded up $0.30 during mid-day trading on Wednesday, hitting $7.69. 6,438 shares of the company’s stock were exchanged, compared to its average volume of 243,606. The company has a 50 day simple moving average of $9.35 and a 200-day simple moving average of $11.08. Lulu’s Fashion Lounge has a fifty-two week low of $2.98 and a fifty-two week high of $32.32. The firm has a market capitalization of $21.98 million, a P/E ratio of -2.20 and a beta of 0.37.

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

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.