LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Up 150.0% in June

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 10,871 shares, an increase of 150.0% from the May 31st total of 4,349 shares. Based on an average daily volume of 9,078 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightInTheBox in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the fourth quarter, according to its most recent disclosure 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 approximately 0.11% of LightInTheBox at the end of the most recent quarter. Institutional investors and hedge funds own 56.77% of the company’s stock.

LightInTheBox Stock Performance

Shares of LITB stock traded up $0.06 during midday trading on Monday, reaching $3.15. 3,122 shares of the company were exchanged, compared to its average volume of 11,416. LightInTheBox has a 12 month low of $1.11 and a 12 month high of $4.17. The company’s 50 day moving average price is $2.83 and its two-hundred day moving average price is $2.59. The company has a market cap of $56.60 million, a P/E ratio of 6.31 and a beta of -0.05.

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.