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

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

Lulu’s Fashion Lounge Price Performance

Shares of NASDAQ LVLU opened at $7.68 on Monday. Lulu’s Fashion Lounge has a 52 week low of $2.98 and a 52 week high of $32.32. The firm’s fifty day moving average is $9.50 and its 200 day moving average is $11.05. The company has a market cap of $21.96 million, a price-to-earnings ratio of -2.19 and a beta of 0.37.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued 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 company had revenue of $57.53 million for the quarter, compared to the consensus estimate of $64.16 million.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Chico Wealth RIA increased its stake in shares of Lulu’s Fashion Lounge by 69.3% in the fourth 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 purchased a new position in shares of Lulu’s Fashion Lounge in the fourth quarter worth $56,000. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of Lulu’s Fashion Lounge in the fourth quarter worth $25,000. 73.79% of the stock is owned by hedge funds and other institutional investors.

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.