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. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 76,436 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

Institutional investors and hedge funds have recently made changes to their positions in the company. Birchwood Financial Partners Inc. acquired a new stake in Lulu’s Fashion Lounge during the fourth quarter worth approximately $25,000. Renaissance Technologies LLC bought a new position in Lulu’s Fashion Lounge during the 4th quarter worth $56,000. Finally, Chico Wealth RIA raised its holdings 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 acquiring an additional 70,275 shares in the last quarter. Institutional investors and hedge funds own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Price Performance

Shares of LVLU traded down $0.43 during mid-day trading on Monday, hitting $18.77. 5,207 shares of the company’s stock were exchanged, compared to its average volume of 210,085. The company has a market cap of $53.67 million, a PE ratio of -5.36 and a beta of 0.39. Lulu’s Fashion Lounge has a 52 week low of $2.98 and a 52 week high of $32.32. The company has a 50-day simple moving average of $9.56 and a 200 day simple moving average of $12.03.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Lulu’s Fashion Lounge from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

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.