LightInTheBox Holding Co., Ltd. (NYSE:LITB) Sees Large Increase in Short Interest

LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 965,300 shares, a growth of 22.5% from the March 15th total of 788,300 shares. Based on an average trading volume of 153,100 shares, the days-to-cover ratio is presently 6.3 days. Approximately 0.9% of the shares of the stock are sold short.

Separately, StockNews.com assumed coverage on LightInTheBox in a research note on Tuesday. They issued a “hold” rating on the stock.

Shares of LightInTheBox stock traded down $0.04 during trading on Tuesday, hitting $1.08. 95,839 shares of the stock traded hands, compared to its average volume of 145,178. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.65 and a current ratio of 0.76. The company has a market capitalization of $121.04 million, a PE ratio of 9.82 and a beta of 0.32. The business has a fifty day simple moving average of $1.12. LightInTheBox has a 52 week low of $0.87 and a 52 week high of $3.32.

LightInTheBox (NYSE:LITB – Get Rating) last announced its quarterly earnings data on Wednesday, March 30th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $113.15 million for the quarter. LightInTheBox had a return on equity of 22.75% and a net margin of 2.94%.

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in LightInTheBox during the 2nd quarter valued at about $279,000. Invesco Ltd. purchased a new stake in LightInTheBox during the 4th quarter valued at about $53,000. Virtu Financial LLC purchased a new stake in LightInTheBox during the 4th quarter valued at about $36,000. Citadel Advisors LLC boosted its holdings in LightInTheBox by 99.3% during the 3rd quarter. Citadel Advisors LLC now owns 33,645 shares of the technology company’s stock valued at $46,000 after acquiring an additional 16,761 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in LightInTheBox during the 2nd quarter valued at about $59,000. Hedge funds and other institutional investors own 54.71% of the company’s stock.

About LightInTheBox (Get Rating)

LightInTheBox Holding Co, Ltd. operates as a cross-border e-commerce platform that delivers products directly from manufacturers to its customers worldwide. The company provides customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home garden products, electronics and communication devices, and other products.

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