LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get 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:LITB – Free 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
Check Out Our Latest Stock Analysis on LightInTheBox
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.
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