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 decline in short interest in March. As of March 13th, there was short interest totaling 11,962 shares, a decline of 31.5% from the February 26th total of 17,471 shares. Based on an average daily trading volume, of 42,970 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

A number of hedge funds have recently bought and sold shares of the company. Chico Wealth RIA purchased a new stake in Lulu’s Fashion Lounge during the 3rd quarter valued at about $477,000. Renaissance Technologies LLC purchased a new position in Lulu’s Fashion Lounge in the fourth quarter worth about $56,000. Finally, Birchwood Financial Partners Inc. bought a new position in shares of Lulu’s Fashion Lounge in the fourth quarter worth approximately $25,000. Institutional investors own 73.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LVLU shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Lulu’s Fashion Lounge to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Lulu’s Fashion Lounge Trading Down 4.5%

NASDAQ:LVLU traded down $0.57 during trading hours on Monday, reaching $12.10. 7,004 shares of the company traded hands, compared to its average volume of 36,666. The business’s 50-day moving average price is $16.06 and its two-hundred day moving average price is $9.33. 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 $33.52 million, a P/E ratio of -0.75 and a beta of 0.50.

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.