Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Up 16.5% in August

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 180,500 shares, a growth of 16.5% from the July 31st total of 154,900 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 21,800 shares, the short-interest ratio is currently 8.3 days.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Victory Capital Management Inc. purchased a new position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,856 shares of the company’s stock, valued at approximately $61,000. Victory Capital Management Inc. owned 0.08% of Lulu’s Fashion Lounge at the end of the most recent reporting period. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Stock Performance

Shares of NASDAQ LVLU traded up $0.09 during midday trading on Friday, reaching $1.42. The stock had a trading volume of 14,615 shares, compared to its average volume of 34,181. The company has a market capitalization of $59.31 million, a price-to-earnings ratio of -2.84 and a beta of 0.25. Lulu’s Fashion Lounge has a 12-month low of $1.02 and a 12-month high of $2.84. The stock has a 50-day moving average of $1.55 and a 200-day moving average of $1.62.

Analysts Set New Price Targets

Several analysts recently issued reports on LVLU shares. Telsey Advisory Group restated a “market perform” rating and set a $2.00 target price on shares of Lulu’s Fashion Lounge in a research report on Thursday, August 15th. The Goldman Sachs Group decreased their target price on Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating on the stock in a report on Monday, August 5th.

About Lulu’s Fashion Lounge

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.