Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Sees Large Decline in Short Interest

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,544 shares, a decrease of 73.1% from the July 15th total of 42,952 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 33,483 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lulu’s Fashion Lounge presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVLU. Chico Wealth RIA grew its holdings in shares of Lulu’s Fashion Lounge by 69.3% during 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 in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Lulu’s Fashion Lounge by 187.6% during the first quarter. Renaissance Technologies LLC now owns 30,665 shares of the company’s stock valued at $390,000 after buying an additional 20,001 shares during the period. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of Lulu’s Fashion Lounge during the fourth quarter valued at approximately $25,000. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

Lulu’s Fashion Lounge Price Performance

Lulu’s Fashion Lounge stock traded up $0.57 during mid-day trading on Friday, hitting $16.02. 16,833 shares of the company were exchanged, compared to its average volume of 30,835. Lulu’s Fashion Lounge has a 12-month low of $3.67 and a 12-month high of $32.32. The company has a market capitalization of $45.83 million, a P/E ratio of -5.45 and a beta of 0.29. The business’s 50 day simple moving average is $12.06 and its two-hundred day simple moving average is $12.41.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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, 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.