Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Update

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 62,139 shares, a drop of 18.5% from the November 30th total of 76,203 shares. Based on an average trading volume of 29,689 shares, the short-interest ratio is currently 2.1 days. Approximately 2.4% of the shares of the company are sold short. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 29,689 shares, the short-interest ratio is currently 2.1 days.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Chico Wealth RIA acquired a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 101,432 shares of the company’s stock, valued at approximately $477,000. Lulu’s Fashion Lounge comprises approximately 0.3% of Chico Wealth RIA’s investment portfolio, making the stock its 22nd largest position. Chico Wealth RIA owned approximately 3.69% of Lulu’s Fashion Lounge at the end of the most recent reporting period. Institutional investors own 73.79% of the company’s stock.

Lulu’s Fashion Lounge Stock Up 1.2%

NASDAQ LVLU traded up $0.06 during trading on Wednesday, hitting $5.22. 12,160 shares of the stock traded hands, compared to its average volume of 21,405. The company has a market capitalization of $14.46 million, a P/E ratio of -0.32 and a beta of 0.38. Lulu’s Fashion Lounge has a 12-month low of $2.98 and a 12-month high of $18.00. The firm has a 50-day simple moving average of $5.18 and a 200-day simple moving average of $4.82.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last posted its earnings results on Wednesday, November 12th. The company reported ($0.84) EPS for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.06. The firm had revenue of $73.59 million during the quarter, compared to the consensus estimate of $75.68 million. Lulu’s Fashion Lounge had a negative return on equity of 251.91% and a negative net margin of 15.83%. As a group, research analysts predict that Lulu’s Fashion Lounge will post -0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LVLU shares. Wall Street Zen raised Lulu’s Fashion Lounge to a “sell” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lulu’s Fashion Lounge presently has a consensus rating of “Reduce” and a consensus price target of $15.00.

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.