Short Interest in LightInTheBox Holding Co., Ltd. (NYSE:LITB) Drops By 32.2%

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 8,419 shares, a drop of 32.2% from the February 26th total of 12,409 shares. Based on an average trading volume of 8,261 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% 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 report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

LightInTheBox Price Performance

Shares of LITB traded down $0.03 during trading hours on Friday, hitting $2.13. The stock had a trading volume of 4,472 shares, compared to its average volume of 11,526. LightInTheBox has a 1-year low of $1.06 and a 1-year high of $4.17. The firm has a market capitalization of $39.17 million, a P/E ratio of 4.73 and a beta of -0.32. The firm has a 50 day simple moving average of $2.57 and a 200-day simple moving average of $2.41.

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned approximately 0.11% of LightInTheBox as of its most recent SEC filing. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

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.