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

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,339 shares, a decline of 41.1% from the September 15th total of 7,367 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 22,341 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently raised its stake in Lulu’s Fashion Lounge stock. Renaissance Technologies LLC increased its position in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 187.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,665 shares of the company’s stock after purchasing an additional 20,001 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of Lulu’s Fashion Lounge worth $390,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LVLU shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Lulu’s Fashion Lounge in a research report on Thursday. Wall Street Zen upgraded shares of Lulu’s Fashion Lounge to a “hold” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

Lulu’s Fashion Lounge Stock Up 7.7%

LVLU stock traded up $1.09 during mid-day trading on Friday, reaching $15.32. 6,185 shares of the company traded hands, compared to its average volume of 15,106. The firm’s 50 day moving average price is $12.90 and its 200 day moving average price is $11.43. Lulu’s Fashion Lounge has a fifty-two week low of $4.26 and a fifty-two week high of $32.32. The stock has a market cap of $43.97 million, a price-to-earnings ratio of -5.21 and a beta of 0.27.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.37). Lulu’s Fashion Lounge had a negative return on equity of 946.15% and a negative net margin of 3.17%. The business had revenue of $67.81 million during the quarter, compared to analysts’ expectations of $83.49 million.

Lulu’s Fashion Lounge Company Profile

Lulu’s Fashion Lounge Holdings, Inc operates an online fashion retail business focused on women’s apparel, footwear, accessories and occasionwear. Through its Lulus brand, the company offers dresses, tops, bottoms, jumpsuits, shoes, handbags, jewelry and other fashion products, with an emphasis on styles for events such as weddings, parties and other special occasions.

The company was founded in 1996 by mother-and-daughter entrepreneurs Debra Cannon and Colleen Winter. It began as a vintage clothing store in Chico, California, before developing into a digitally focused fashion retailer.