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

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

Lulu’s Fashion Lounge Price Performance

Lulu’s Fashion Lounge stock traded down $0.41 during mid-day trading on Tuesday, hitting $7.39. The company’s stock had a trading volume of 9,720 shares, compared to its average volume of 16,026. Lulu’s Fashion Lounge has a 52-week low of $2.98 and a 52-week high of $32.32. The company has a market cap of $21.14 million, a PE ratio of -2.11 and a beta of 0.37. The firm’s 50 day moving average is $9.35 and its 200 day moving average is $11.08.

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

Wall Street Analysts Forecast Growth

LVLU has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Lulu’s Fashion Lounge to a “hold” rating in a research report on Saturday, February 28th. 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. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

A number of institutional investors have recently modified their holdings of the stock. Chico Wealth RIA boosted 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 valued at $896,000 after buying an additional 70,275 shares during the period. Renaissance Technologies LLC increased its position in Lulu’s Fashion Lounge by 187.6% in the 1st quarter. Renaissance Technologies LLC now owns 30,665 shares of the company’s stock worth $390,000 after purchasing an additional 20,001 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in Lulu’s Fashion Lounge in the 4th quarter worth about $25,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

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.