LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Down 46.6% in February

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 12,422 shares, a drop of 46.6% from the January 29th total of 23,251 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 10,424 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 10,424 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox as of its most recent filing with the SEC. Institutional investors own 56.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat.com, LightInTheBox presently has an average rating of “Sell”.

LightInTheBox Price Performance

Shares of NYSE:LITB traded up $0.15 during trading on Friday, hitting $2.75. 4,310 shares of the company’s stock were exchanged, compared to its average volume of 8,046. The business’s 50-day simple moving average is $2.60 and its 200 day simple moving average is $2.26. The company has a market cap of $50.57 million, a price-to-earnings ratio of 9.48 and a beta of -0.27. LightInTheBox has a 52-week low of $0.92 and a 52-week high of $4.17.

LightInTheBox Company Profile

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.