LightInTheBox Holding Co., Ltd. (NYSE:LITB) Stock Short Interest Report for October

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 2,325 shares, a drop of 49.9% from the September 30th total of 4,639 shares. Based on an average trading volume of 6,950 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of LightInTheBox from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

LightInTheBox Price Performance

NYSE LITB traded up $0.60 during mid-day trading on Monday, hitting $2.78. The stock had a trading volume of 37,063 shares, compared to its average volume of 8,836. The firm’s 50 day moving average is $2.98 and its 200 day moving average is $2.83. LightInTheBox has a twelve month low of $1.63 and a twelve month high of $3.89. The stock has a market capitalization of $49.57 million, a price-to-earnings ratio of 5.79 and a beta of 0.03.

LightInTheBox (NYSE:LITB) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $56.81 million for the quarter. LightInTheBox had a net margin of 3.91% and a negative return on equity of 231.00%.

Insider Activity at LightInTheBox

In other LightInTheBox news, CEO Jian He acquired 4,254,553 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $0.26 per share, for a total transaction of $1,106,183.78. Following the completion of the transaction, the chief executive officer directly owned 4,254,553 shares of the company’s stock, valued at $1,106,183.78. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 62.20% of the stock is owned by company insiders.

About LightInTheBox

LightInTheBox Holding Co, Ltd. (NYSE:LITB) is a global online retail company that sells products directly to consumers through its websites and mobile applications. The company primarily serves customers outside China and uses a cross-border e-commerce model to market merchandise sourced from manufacturers and suppliers.

Its product offerings include apparel, footwear, accessories, home and garden goods, consumer electronics, beauty products, and other general merchandise. LightInTheBox also offers customized and made-to-order products in selected categories, including clothing and event-related apparel.

Founded in 2007 and headquartered in Singapore, LightInTheBox has built an international customer base spanning numerous markets in North America, Europe, Asia, and other regions.