LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 12,236 shares, a growth of 51.8% from the December 15th total of 8,058 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 36,795 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 36,795 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of LightInTheBox in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Report on LightInTheBox
LightInTheBox Trading Down 10.0%
LightInTheBox (NYSE:LITB – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.15 EPS for the quarter. LightInTheBox had a net margin of 2.47% and a negative return on equity of 49.34%. The business had revenue of $55.46 million for the quarter.
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.
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