Short Interest in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Grows By 347.6%

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 42,952 shares, an increase of 347.6% from the June 30th total of 9,596 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average daily trading volume, of 76,436 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 17th. 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 Price Performance

LVLU stock opened at $19.20 on Friday. The company’s 50-day moving average is $9.56 and its 200-day moving average is $11.98. The stock has a market capitalization of $54.91 million, a PE ratio of -5.49 and a beta of 0.39. Lulu’s Fashion Lounge has a 1 year low of $2.98 and a 1 year high of $32.32.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last issued its earnings results on Wednesday, May 13th. The company reported ($1.44) EPS for the quarter, beating analysts’ consensus estimates of ($1.80) by $0.36. Lulu’s Fashion Lounge had a negative return on equity of 423.50% and a negative net margin of 3.56%.The business had revenue of $57.53 million during the quarter, compared to analyst estimates of $64.16 million.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

Several hedge funds and other institutional investors have recently modified their holdings of LVLU. Birchwood Financial Partners Inc. acquired a new position in shares of Lulu’s Fashion Lounge during the fourth quarter worth approximately $25,000. Renaissance Technologies LLC bought a new position in shares of Lulu’s Fashion Lounge in the 4th quarter worth $56,000. Finally, Chico Wealth RIA grew its position in Lulu’s Fashion Lounge by 69.3% in the 4th quarter. Chico Wealth RIA now owns 171,707 shares of the company’s stock valued at $896,000 after purchasing an additional 70,275 shares during the period. Institutional investors own 73.79% of the company’s stock.

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.