Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU - Get Free Report) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 180,500 shares, a growth of 16.5% from the July 31st total of 154,900 shares. Based on an average daily trading volume, of 21,800 shares, the days-to-cover ratio is presently 8.3 days. Approximately 1.2% of the shares of the company are short sold.
Institutional Trading of Lulu's Fashion Lounge
An institutional investor recently bought a new position in Lulu's Fashion Lounge stock. Victory Capital Management Inc. bought a new stake in shares of Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 32,856 shares of the company's stock, valued at approximately $61,000. Victory Capital Management Inc. owned 0.08% of Lulu's Fashion Lounge as of its most recent SEC filing. Institutional investors and hedge funds own 73.79% of the company's stock.
Lulu's Fashion Lounge Stock Up 6.6 %
LVLU traded up $0.09 during trading on Friday, reaching $1.42. The stock had a trading volume of 14,615 shares, compared to its average volume of 34,181. The stock has a 50 day moving average of $1.55 and a two-hundred day moving average of $1.62. The firm has a market capitalization of $58.68 million, a price-to-earnings ratio of -2.84 and a beta of 0.25. Lulu's Fashion Lounge has a 1-year low of $1.02 and a 1-year high of $2.84.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on LVLU. Telsey Advisory Group reissued a "market perform" rating and issued a $2.00 price target on shares of Lulu's Fashion Lounge in a research note on Thursday, August 15th. 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 for the company in a research report on Monday, August 5th.
View Our Latest Stock Report on Lulu's Fashion Lounge
About Lulu's Fashion Lounge
(
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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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