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

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,349 shares, a decrease of 55.2% from the May 14th total of 9,706 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 20,214 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox as of its most recent filing with the Securities & Exchange Commission. 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 during midday trading on Friday, hitting $3.51. The company had a trading volume of 10,852 shares, compared to its average volume of 14,290. LightInTheBox has a 52-week low of $1.07 and a 52-week high of $4.17. The stock’s fifty day moving average price is $2.66 and its 200-day moving average price is $2.50. The company has a market capitalization of $63.50 million, a PE ratio of 7.02 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.