Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU – Get Rating) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 201,800 shares, a growth of 50.8% from the March 15th total of 133,800 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily volume of 104,000 shares, the days-to-cover ratio is currently 1.9 days.
Shares of LVLU stock traded up $0.74 during trading hours on Friday, reaching $9.37. 72,280 shares of the stock traded hands, compared to its average volume of 190,882. Lulu’s Fashion Lounge has a 1-year low of $5.10 and a 1-year high of $15.09. The firm has a fifty day moving average of $8.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.62.
Several hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new position in Lulu’s Fashion Lounge in the 4th quarter valued at approximately $25,000. Citigroup Inc. acquired a new position in Lulu’s Fashion Lounge in the 4th quarter valued at approximately $26,000. California State Teachers Retirement System bought a new stake in Lulu’s Fashion Lounge in the fourth quarter worth approximately $33,000. Deutsche Bank AG bought a new stake in Lulu’s Fashion Lounge in the fourth quarter worth approximately $36,000. Finally, Wells Fargo & Company MN bought a new stake in Lulu’s Fashion Lounge in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 1.14% of the company’s stock.
About Lulu’s Fashion Lounge (Get Rating)
Lulu's Fashion Lounge Holdings, Inc operates as an online retailer of women's clothing, shoes, and accessories. It offers dresses, tops, bottoms, bridal wear, intimates, swimwear, footwear, and accessories under the Lulus brand. The company sells its products through owned media, which primarily consists of its website, mobile app, social media platforms, email, and SMS; earned media; and paid media that consists of paid advertisement on search engines, such as Google and Bing, as well as social media platforms comprising Facebook and Instagram.
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