Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) Sees Large Decline in Short Interest

Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 110,300 shares, a drop of 16.8% from the February 13th total of 132,500 shares. Based on an average daily trading volume, of 29,400 shares, the days-to-cover ratio is currently 3.8 days. Approximately 0.7% of the company’s stock are short sold.

Lulu’s Fashion Lounge Stock Performance

LVLU traded up $0.01 during trading on Thursday, reaching $0.44. 24,097 shares of the stock were exchanged, compared to its average volume of 26,910. The stock’s 50 day moving average price is $0.78 and its two-hundred day moving average price is $1.16. Lulu’s Fashion Lounge has a twelve month low of $0.38 and a twelve month high of $1.99. The stock has a market cap of $18.58 million, a P/E ratio of -0.58 and a beta of 0.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lulu’s Fashion Lounge stock. Geode Capital Management LLC boosted its holdings in shares of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,064 shares of the company’s stock after buying an additional 10,193 shares during the quarter. Geode Capital Management LLC owned approximately 0.41% of Lulu’s Fashion Lounge worth $272,000 at the end of the most recent reporting period. Institutional investors own 73.79% of the company’s stock.

About Lulu’s Fashion Lounge

Lulu’s Fashion Lounge Holdings, Inc engages in providing an online website for clothing. It offers retailing of women’s clothing, shoes, and accessories. The company was founded in 1996 and is headquartered in Chico, CA.