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

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 10,871 shares, a growth of 150.0% from the May 31st total of 4,349 shares. Based on an average trading volume of 9,078 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC purchased a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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 SEC filing. 56.77% of the stock is currently owned by institutional investors and hedge funds.

LightInTheBox Trading Up 1.8%

NYSE LITB traded up $0.06 on Monday, reaching $3.15. The stock had a trading volume of 3,122 shares, compared to its average volume of 11,416. LightInTheBox has a 1 year low of $1.11 and a 1 year high of $4.17. The business has a 50 day moving average price of $2.83 and a 200 day moving average price of $2.59. The company has a market capitalization of $56.60 million, a price-to-earnings 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.