LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 5,009 shares, a drop of 43.9% from the June 30th total of 8,936 shares. Based on an average daily trading volume, of 5,404 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new position in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned about 0.11% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 56.77% of the company’s stock.
LightInTheBox Trading Up 1.2%
NYSE:LITB traded up $0.04 during trading hours on Wednesday, hitting $3.04. 835 shares of the stock were exchanged, compared to its average volume of 10,492. The firm’s fifty day moving average price is $3.17 and its 200 day moving average price is $2.73. The company has a market cap of $54.64 million and a P/E ratio of 6.09. LightInTheBox has a 52-week low of $1.15 and a 52-week high of $4.17.
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.
Recommended Stories
- Five stocks we like better than LightInTheBox
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for LightInTheBox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightInTheBox and related companies with MarketBeat.com's FREE daily email newsletter.
