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

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a large decline in short interest in 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 trading volume, of 24,200 shares, the short-interest ratio is presently 5.3 days. Currently, 0.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LVLU. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price objective on shares of Lulu’s Fashion Lounge in a report on Thursday. The Goldman Sachs Group lowered their price objective on shares of Lulu’s Fashion Lounge from $1.25 to $1.00 and set a “neutral” rating for the company in a research report on Monday, August 5th.

Hedge Funds Weigh In On Lulu’s Fashion Lounge

An institutional investor recently bought a new position in Lulu’s Fashion Lounge stock. Sweeney & Michel LLC bought a new position in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 51,059 shares of the company’s stock, valued at approximately $71,000. Sweeney & Michel LLC owned 0.12% of Lulu’s Fashion Lounge at the end of the most recent quarter. 73.79% of the stock is owned by institutional investors.

Lulu’s Fashion Lounge Stock Up 3.9 %

Shares of Lulu’s Fashion Lounge stock traded up $0.06 during trading hours on Friday, reaching $1.47. The company’s stock had a trading volume of 2,206 shares, compared to its average volume of 24,202. Lulu’s Fashion Lounge has a one year low of $1.02 and a one year high of $2.84. The stock’s fifty day simple moving average is $1.52 and its two-hundred day simple moving average is $1.58.

Lulu’s Fashion Lounge (NASDAQ:LVLU) last announced its earnings results on Wednesday, August 14th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $91.97 million during the quarter, compared to analysts’ expectations of $91.30 million. Lulu’s Fashion Lounge had a negative net margin of 9.44% and a negative return on equity of 54.91%. On average, equities research analysts predict that Lulu’s Fashion Lounge will post -0.61 earnings per share for the current fiscal year.

About Lulu’s Fashion Lounge

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.