Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Up 347.6% in July

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 42,952 shares, a growth of 347.6% from the June 30th total of 9,596 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 76,436 shares, the days-to-cover ratio is presently 0.6 days.

Lulu’s Fashion Lounge Stock Performance

Shares of LVLU stock opened at $18.83 on Tuesday. The stock has a fifty day moving average price of $9.75 and a 200 day moving average price of $12.12. The stock has a market cap of $53.85 million, a PE ratio of -5.38 and a beta of 0.39. Lulu’s Fashion Lounge has a 1 year low of $2.98 and a 1 year high of $32.32.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last posted its earnings results on Wednesday, May 13th. The company reported ($1.44) earnings per share for the quarter, beating the consensus estimate of ($1.80) by $0.36. The company had revenue of $57.53 million for 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

Separately, Weiss Ratings upgraded shares of Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

Hedge funds have recently added to or reduced their stakes in the business. Birchwood Financial Partners Inc. purchased a new stake in shares of Lulu’s Fashion Lounge in the fourth quarter valued at about $25,000. Renaissance Technologies LLC acquired a new stake in shares of Lulu’s Fashion Lounge in the fourth quarter valued at approximately $56,000. Finally, Chico Wealth RIA increased its stake in shares of 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 purchasing an additional 70,275 shares in the last quarter. 73.79% of the stock is currently 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.