Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Stock Short Interest Report for September

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,339 shares, a decrease of 41.1% from the September 15th total of 7,367 shares. Based on an average trading volume of 22,341 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Lulu’s Fashion Lounge

A hedge fund recently raised its stake in Lulu’s Fashion Lounge stock. Renaissance Technologies LLC boosted its stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 187.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,665 shares of the company’s stock after purchasing an additional 20,001 shares during the quarter. Renaissance Technologies LLC owned about 1.07% of Lulu’s Fashion Lounge worth $390,000 at the end of the most recent reporting period. Institutional investors own 73.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Lulu’s Fashion Lounge to a “hold” rating in a research report on Saturday, September 5th. 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 investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Lulu’s Fashion Lounge currently has a consensus rating of “Sell”.

Lulu’s Fashion Lounge Trading Up 3.1%

NASDAQ:LVLU opened at $13.79 on Thursday. The stock has a 50 day simple moving average of $13.01 and a 200 day simple moving average of $11.39. The stock has a market cap of $39.58 million, a P/E ratio of -4.69 and a beta of 0.27. Lulu’s Fashion Lounge has a 1-year low of $4.26 and a 1-year high of $32.32.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.37). Lulu’s Fashion Lounge had a negative return on equity of 946.15% and a negative net margin of 3.17%. The firm had revenue of $67.81 million for the quarter, compared to the consensus estimate of $83.49 million.

Lulu’s Fashion Lounge Company Profile

Lulu’s Fashion Lounge Holdings, Inc operates an online fashion retail business focused on women’s apparel, footwear, accessories and occasionwear. Through its Lulus brand, the company offers dresses, tops, bottoms, jumpsuits, shoes, handbags, jewelry and other fashion products, with an emphasis on styles for events such as weddings, parties and other special occasions.

The company was founded in 1996 by mother-and-daughter entrepreneurs Debra Cannon and Colleen Winter. It began as a vintage clothing store in Chico, California, before developing into a digitally focused fashion retailer.