Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Short Interest Update
by Amy Steele · The Cerbat GemLulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 179,473 shares, a growth of 211.4% from the December 31st total of 57,629 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,406,315 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 2,406,315 shares, the days-to-cover ratio is presently 0.1 days. Approximately 6.9% of the company’s shares are short sold.
Hedge Funds 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 position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 holdings, making the stock its 22nd biggest position. Chico Wealth RIA owned 3.69% of Lulu’s Fashion Lounge at the end of the most recent reporting period. Institutional investors and hedge funds own 73.79% of the company’s stock.
Lulu’s Fashion Lounge Trading Down 12.3%
Shares of NASDAQ:LVLU traded down $2.34 during trading on Wednesday, hitting $16.73. 51,400 shares of the company were exchanged, compared to its average volume of 1,410,550. Lulu’s Fashion Lounge has a fifty-two week low of $2.98 and a fifty-two week high of $32.32. The stock has a market cap of $46.35 million, a price-to-earnings ratio of -1.04 and a beta of 0.37. The firm has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $5.89.
Lulu’s Fashion Lounge (NASDAQ:LVLU – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.84) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.90) by $0.06. Lulu’s Fashion Lounge had a negative return on equity of 251.91% and a negative net margin of 15.83%.The firm had revenue of $73.59 million for the quarter, compared to analyst estimates of $75.68 million. As a group, research analysts predict that Lulu’s Fashion Lounge will post -0.74 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lulu’s Fashion Lounge in a research report on Friday, January 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lulu’s Fashion Lounge presently has a consensus rating of “Reduce” and an average target price of $15.00.
Get Our Latest Stock Report on LVLU
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.