LightInTheBox Holding Co., Ltd. (NYSE:LITB) Shares Shorted: Short Interest Down 49.9% in October

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

Wall Street Analysts Forecast Growth

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

LightInTheBox Stock Down 22.0%

LightInTheBox stock traded down $0.61 during mid-day trading on Friday, hitting $2.19. The company’s stock had a trading volume of 7,826 shares, compared to its average volume of 4,394. The stock has a market capitalization of $38.96 million, a P/E ratio of 4.55 and a beta of 0.03. LightInTheBox has a twelve month low of $1.63 and a twelve month high of $3.92. The stock’s fifty day moving average price is $2.98 and its two-hundred day moving average price is $2.83.

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

Insiders Place Their Bets

In other news, CEO Jian He bought 4,254,553 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $0.26 per share, with a total value of $1,106,183.78. Following the completion of the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 62.20% of the stock is owned by corporate insiders.

LightInTheBox Company Profile

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.