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

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 29,267 shares, a drop of 83.7% from the January 15th total of 179,473 shares. Based on an average daily trading volume, of 132,431 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.1% of the shares of the company are short sold. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 132,431 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

Lulu’s Fashion Lounge Stock Performance

Shares of NASDAQ LVLU traded down $0.46 during midday trading on Thursday, hitting $14.06. 14,399 shares of the company’s stock traded hands, compared to its average volume of 895,703. The firm has a fifty day moving average of $11.17 and a 200 day moving average of $6.90. Lulu’s Fashion Lounge has a 1 year low of $2.98 and a 1 year high of $32.32. The stock has a market capitalization of $38.95 million, a price-to-earnings ratio of -0.87 and a beta of 0.47.

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

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Chico Wealth RIA bought a new stake in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 101,432 shares of the company’s stock, valued at approximately $477,000. Lulu’s Fashion Lounge makes up 0.3% of Chico Wealth RIA’s investment portfolio, making the stock its 22nd largest holding. Chico Wealth RIA owned about 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.

Lulu’s Fashion Lounge Company Profile

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.