LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Update

LightInTheBox Holding Co., Ltd. (NYSE:LITBGet Rating) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 641,700 shares, a drop of 16.7% from the April 15th total of 770,200 shares. Based on an average daily trading volume, of 121,200 shares, the short-interest ratio is presently 5.3 days. Approximately 0.6% of the company’s shares are short sold.

Separately, began coverage on LightInTheBox in a report on Friday. They set a “hold” rating on the stock.

LightInTheBox stock opened at $1.12 on Tuesday. LightInTheBox has a 12-month low of $0.87 and a 12-month high of $3.15. The company has a market capitalization of $126.63 million, a price-to-earnings ratio of 10.18 and a beta of 0.28. The firm’s fifty day moving average price is $1.10 and its 200 day moving average price is $1.19.

LightInTheBox (NYSE:LITBGet Rating) last announced its earnings results on Wednesday, March 30th. The technology company reported $0.07 earnings per share (EPS) for the quarter. The business 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%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in shares of LightInTheBox in the 2nd quarter worth about $33,000. Mercer Global Advisors Inc. ADV grew its stake in LightInTheBox by 43.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 21,849 shares of the technology company’s stock worth $30,000 after purchasing an additional 6,640 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in LightInTheBox in the second quarter valued at about $59,000. Virtu Financial LLC acquired a new stake in LightInTheBox during the fourth quarter valued at approximately $36,000. Finally, Invesco Ltd. bought a new position in LightInTheBox during the 4th quarter worth approximately $53,000. 54.25% of the stock is currently owned by institutional investors.

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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