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

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 21,330 shares, a growth of 153.4% from the March 15th total of 8,419 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 14,729 shares, the short-interest ratio is presently 1.4 days.

Wall Street Analysts Forecast Growth

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

LightInTheBox Stock Performance

NYSE LITB opened at $2.23 on Friday. LightInTheBox has a one year low of $1.06 and a one year high of $4.17. The stock has a 50-day moving average of $2.51 and a 200 day moving average of $2.43. The company has a market capitalization of $40.27 million, a price-to-earnings ratio of 4.95 and a beta of -0.17.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned about 0.11% of LightInTheBox at the end of the most recent quarter. Institutional investors and hedge funds own 56.77% of the company’s stock.

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.