Short Interest in LightInTheBox Holding Co., Ltd. (NYSE:LITB) Drops By 17.7%

Posted by Casey Walker on Dec 30th, 2024

LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 76,500 shares, a decline of 17.7% from the November 30th total of 93,000 shares. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 5.6 days. Approximately 0.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of LightInTheBox in a report on Sunday, December 22nd. They issued a “buy” rating for the company.

Check Out Our Latest Stock Analysis on LITB

LightInTheBox Price Performance

Shares of NYSE LITB traded down $0.06 during mid-day trading on Friday, reaching $1.69. The company’s stock had a trading volume of 11,535 shares, compared to its average volume of 17,563. LightInTheBox has a 52 week low of $1.47 and a 52 week high of $6.84. The stock has a fifty day moving average of $1.96 and a two-hundred day moving average of $3.04. The firm has a market capitalization of $31.07 million, a PE ratio of -4.83 and a beta of 0.95.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned about 0.06% of LightInTheBox as of its most recent SEC filing. Institutional investors own 56.77% of the company’s stock.

About LightInTheBox

(Get Free Report)

LightInTheBox Holding Co, Ltd., together with its subsidiaries, operates as an online retailer that delivers products directly to its consumers worldwide. The company provides apparel products; and other general merchandise products, such as small accessories and gadgets, home garden, toys and hobbies, electronics and communication devices, and other products.