LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Update

LightInTheBox Holding Co., Ltd. (NYSE:LITB) saw a large 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 currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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. Hedge funds and other institutional investors own 56.77% of the company’s stock.

LightInTheBox Stock Down 2.5%

NYSE LITB traded down $0.09 on Friday, hitting $3.51. 10,852 shares of the stock were exchanged, compared to its average volume of 13,818. LightInTheBox has a fifty-two week low of $1.07 and a fifty-two week high of $4.17. The company has a market cap of $62.97 million, a PE ratio of 7.02 and a beta of -0.05. The company has a 50-day moving average price of $2.66 and a 200-day moving average price of $2.51.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of LightInTheBox in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.