Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Update

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 179,473 shares, a growth of 211.4% from the December 31st total of 57,629 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,406,315 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 2,406,315 shares, the days-to-cover ratio is presently 0.1 days. Approximately 6.9% of the company’s shares are short sold.

Lulu’s Fashion Lounge Stock Down 12.3%

Shares of NASDAQ:LVLU traded down $2.34 during midday trading on Wednesday, reaching $16.73. 51,400 shares of the company traded hands, compared to its average volume of 1,410,550. Lulu’s Fashion Lounge has a 12 month low of $2.98 and a 12 month high of $32.32. The firm has a market capitalization of $46.35 million, a price-to-earnings ratio of -1.04 and a beta of 0.37. The firm’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $5.89.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its earnings results on Wednesday, November 12th. The company reported ($0.84) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.06. Lulu’s Fashion Lounge had a negative return on equity of 251.91% and a negative net margin of 15.83%.The business had revenue of $73.59 million for the quarter, compared to analyst estimates of $75.68 million. Analysts forecast that Lulu’s Fashion Lounge will post -0.74 earnings per share for the current year.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Chico Wealth RIA acquired a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 101,432 shares of the company’s stock, valued at approximately $477,000. Lulu’s Fashion Lounge makes up about 0.3% of Chico Wealth RIA’s portfolio, making the stock its 22nd biggest position. Chico Wealth RIA owned 3.69% of Lulu’s Fashion Lounge at the end of the most recent quarter. 73.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $15.00.

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.