Short Interest in LightInTheBox Holding Co., Ltd. (NYSE:LITB) Drops By 55.2%

LightInTheBox Holding Co., Ltd. (NYSE:LITB) saw a significant decline in short interest in 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. Based on an average trading volume of 20,214 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

LightInTheBox Price Performance

NYSE LITB traded down $0.09 during trading on Friday, hitting $3.51. 10,852 shares of the company’s stock traded hands, compared to its average volume of 14,290. The stock has a fifty day moving average of $2.66 and a two-hundred day moving average of $2.50. LightInTheBox has a 12-month low of $1.07 and a 12-month high of $4.17. The firm has a market cap of $63.50 million, a P/E ratio of 7.02 and a beta of -0.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of LightInTheBox in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox as of its most recent SEC filing. Hedge funds and other institutional investors own 56.77% of the company’s stock.

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.