LightInTheBox Holding Co., Ltd. (NYSE:LITB) Sees Large Growth in Short Interest

by · The Markets Daily

LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) saw a large growth in short interest during the month of 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. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 21,312 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 21,312 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

LightInTheBox Stock Performance

NYSE LITB traded down $0.07 during trading hours on Monday, reaching $2.55. The stock had a trading volume of 1,010 shares, compared to its average volume of 16,115. The stock has a fifty day moving average of $2.29 and a 200 day moving average of $2.07. The stock has a market cap of $46.80 million, a P/E ratio of 8.78 and a beta of -0.27. LightInTheBox has a 52-week low of $0.91 and a 52-week 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 EPS for the quarter. The firm had revenue of $55.46 million for the quarter. LightInTheBox had a negative return on equity of 49.34% and a net margin of 2.47%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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.com, the company has an average rating of “Sell”.

View Our Latest Analysis on LightInTheBox

LightInTheBox Company Profile

(Get Free Report)

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.

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