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

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 17,748 shares, a decline of 39.4% from the January 29th total of 29,267 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 54,410 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 54,410 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the company’s stock are sold short.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wall Street Zen raised Lulu’s Fashion Lounge to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a report on Friday, January 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lulu’s Fashion Lounge has a consensus rating of “Reduce” and a consensus target price of $15.00.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

A number of institutional investors have recently added to or reduced their stakes in LVLU. Birchwood Financial Partners Inc. acquired a new position in Lulu’s Fashion Lounge during the 4th quarter worth approximately $25,000. Renaissance Technologies LLC acquired a new stake in shares of Lulu’s Fashion Lounge in the 4th quarter valued at approximately $56,000. Finally, Chico Wealth RIA boosted its stake in shares of Lulu’s Fashion Lounge by 69.3% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Stock Performance

Lulu’s Fashion Lounge stock opened at $15.45 on Friday. The stock has a 50-day simple moving average of $13.34 and a 200-day simple moving average of $7.77. The company has a market capitalization of $42.80 million, a P/E ratio of -0.96 and a beta of 0.47. Lulu’s Fashion Lounge has a fifty-two week low of $2.98 and a fifty-two week high of $32.32.

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.