LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 5,009 shares, a decline of 43.9% from the June 30th total of 8,936 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 5,404 shares, the short-interest ratio is currently 0.9 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC purchased a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox at the end of the most recent reporting period. Institutional investors own 56.77% of the company’s stock.
LightInTheBox Price Performance
NYSE LITB traded up $0.06 on Friday, reaching $3.08. The company had a trading volume of 1,455 shares, compared to its average volume of 4,301. LightInTheBox has a 1 year low of $1.15 and a 1 year high of $4.17. The firm has a 50-day moving average of $3.21 and a 200-day moving average of $2.74. The firm has a market capitalization of $55.26 million and a PE ratio of 6.16.
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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