Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Up 13.2% in April

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 15,386 shares, a growth of 13.2% from the March 31st total of 13,586 shares. Based on an average trading volume of 13,872 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chico Wealth RIA acquired a new position in Lulu’s Fashion Lounge in the 3rd quarter valued at $477,000. Birchwood Financial Partners Inc. acquired a new position in Lulu’s Fashion Lounge in the 4th quarter valued at $25,000. Finally, Renaissance Technologies LLC acquired a new position in Lulu’s Fashion Lounge in the 4th quarter valued at $56,000. 73.79% of the stock is owned by institutional investors and hedge funds.

Lulu’s Fashion Lounge Price Performance

LVLU opened at $10.95 on Friday. The business has a fifty day simple moving average of $12.52 and a 200 day simple moving average of $10.11. The company has a market capitalization of $31.36 million, a PE ratio of -2.23 and a beta of 0.59. 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 released its quarterly earnings results on Monday, March 30th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.35) by $1.21. The business had revenue of $63.02 million during the quarter, compared to the consensus estimate of $63.50 million. Lulu’s Fashion Lounge had a negative return on equity of 335.73% and a negative net margin of 4.86%.

Analyst Ratings Changes

Several research analysts have recently commented on LVLU shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research note on Wednesday, April 8th. Wall Street Zen upgraded Lulu’s Fashion Lounge to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lulu’s Fashion Lounge presently has a consensus 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.