LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Up 150.0% in June
by Tristan Rich · The Markets DailyLightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 10,871 shares, an increase of 150.0% from the May 31st total of 4,349 shares. Based on an average daily volume of 9,078 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the company’s stock are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightInTheBox in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Research Report on LITB
Institutional Trading of LightInTheBox
An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox at the end of the most recent quarter. Institutional investors and hedge funds own 56.77% of the company’s stock.
LightInTheBox Stock Performance
Shares of LITB stock traded up $0.06 during midday trading on Monday, reaching $3.15. 3,122 shares of the company were exchanged, compared to its average volume of 11,416. LightInTheBox has a 12 month low of $1.11 and a 12 month high of $4.17. The company’s 50 day moving average price is $2.83 and its two-hundred day moving average price is $2.59. The company has a market cap of $56.60 million, a P/E ratio of 6.31 and a beta of -0.05.
About LightInTheBox
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.