LightInTheBox Holding Co., Ltd. (NYSE:LITB) Sees Large Growth in Short Interest
by Scott Moore · The Cerbat GemLightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 19,844 shares, a growth of 62.2% from the December 31st total of 12,236 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 21,312 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 21,312 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of LightInTheBox in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on LITB
LightInTheBox Stock Performance
Shares of LightInTheBox stock traded down $0.02 during trading hours on Monday, hitting $2.59. The company’s stock had a trading volume of 9,811 shares, compared to its average volume of 14,785. The company has a market cap of $47.63 million, a PE ratio of 8.93 and a beta of -0.27. The business has a 50 day moving average price of $2.29 and a two-hundred day moving average price of $2.07. LightInTheBox has a 12-month low of $0.91 and a 12-month high of $4.17.
LightInTheBox (NYSE:LITB – Get Free Report) last issued its earnings results on Wednesday, November 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter. LightInTheBox had a negative return on equity of 49.34% and a net margin of 2.47%.The company had revenue of $55.46 million for the quarter.
LightInTheBox Company Profile
LightInTheBox Co, Ltd. is a China-based global online retailer specializing in direct-to-consumer e-commerce. Headquartered in Beijing, the company operates two primary platforms—LightInTheBox and MiniInTheBox—that cater to customers around the world. Through these websites and mobile applications, it offers a broad range of merchandise, from fashion apparel and accessories to home and garden products, electronics, and wedding essentials.
Since its founding in 2007, LightInTheBox has focused on providing affordable, trend-driven items sourced from a network of suppliers in Asia.