Short Interest in LightInTheBox Holding Co., Ltd. (NYSE:LITB) Drops By 32.2%

LightInTheBox Holding Co., Ltd. (NYSE:LITBGet 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%

NYSE LITB traded up $0.11 during trading hours on Monday, hitting $2.24. The company’s stock had a trading volume of 10,636 shares, compared to its average volume of 11,534. LightInTheBox has a twelve month low of $1.06 and a twelve month high of $4.17. The firm has a market capitalization of $41.19 million, a P/E ratio of 4.98 and a beta of -0.32. The stock has a fifty day moving average of $2.57 and a 200 day moving average of $2.42.

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:LITBFree 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

(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.

Further Reading

Receive News & Ratings for LightInTheBox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightInTheBox and related companies with MarketBeat.com's FREE daily email newsletter.