LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 8,419 shares, a drop of 32.2% from the February 26th total of 12,409 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 8,261 shares, the short-interest ratio is presently 1.0 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of LightInTheBox in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, LightInTheBox has a consensus rating of “Sell”.
Check Out Our Latest Analysis on LightInTheBox
LightInTheBox Stock Up 5.2%
Institutional Investors Weigh In On LightInTheBox
A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) in the fourth quarter, according to the company in its most recent filing 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 about 0.11% of LightInTheBox at the end of the most recent quarter. 56.77% of the stock is currently owned by institutional investors.
LightInTheBox Company Profile
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.
Further Reading
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