LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Update

LightInTheBox Holding Co., Ltd. (NYSE:LITBGet Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,349 shares, a decline of 55.2% from the May 14th total of 9,706 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 20,214 shares, the days-to-cover ratio is presently 0.2 days.

LightInTheBox Price Performance

NYSE LITB traded down $0.24 during mid-day trading on Monday, reaching $3.26. The stock had a trading volume of 4,823 shares, compared to its average volume of 11,557. The stock has a market cap of $58.90 million, a PE ratio of 6.51 and a beta of -0.05. LightInTheBox has a 1 year low of $1.07 and a 1 year high of $4.17. The company has a fifty day moving average price of $2.66 and a 200 day moving average price of $2.51.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITBFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned about 0.11% of LightInTheBox as of its most recent filing with the SEC. 56.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of LightInTheBox in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on LightInTheBox

About LightInTheBox

(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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