Short Interest in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Decreases By 24.7%

by · The Cerbat Gem

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 129,000 shares, a decline of 24.7% from the October 15th total of 171,400 shares. Based on an average daily volume of 24,200 shares, the days-to-cover ratio is currently 5.3 days. Approximately 0.9% of the shares of the company are sold short.

Lulu’s Fashion Lounge Trading Up 1.1 %

Shares of Lulu’s Fashion Lounge stock traded up $0.01 during mid-day trading on Friday, reaching $1.43. 16,779 shares of the stock were exchanged, compared to its average volume of 33,474. The company has a market cap of $59.73 million, a price-to-earnings ratio of -1.91 and a beta of 0.27. Lulu’s Fashion Lounge has a fifty-two week low of $1.02 and a fifty-two week high of $2.84. The firm has a 50-day simple moving average of $1.52 and a 200 day simple moving average of $1.58.

Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.26) EPS for the quarter. Lulu’s Fashion Lounge had a negative net margin of 9.44% and a negative return on equity of 58.04%. The company had revenue of $91.97 million for the quarter, compared to the consensus estimate of $91.30 million. On average, research analysts predict that Lulu’s Fashion Lounge will post -0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Lulu’s Fashion Lounge

A hedge fund recently bought a new stake in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC purchased a new stake in Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned about 0.12% of Lulu’s Fashion Lounge as of its most recent SEC filing. Institutional investors own 73.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LVLU shares. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price target on shares of Lulu’s Fashion Lounge in a report on Thursday. The Goldman Sachs Group decreased their target price on shares of Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th.

View Our Latest Stock Analysis on LVLU

About Lulu’s Fashion Lounge

(Get Free Report)

Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's apparel, footwear, and accessories. The company offers formals, casuals, dresses, tops, bottoms, wedding dresses, rompers and jumpsits, intimates and sleepwear, swimwear, shoes, and accessories under the Lulus brand.

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