LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,009 shares, a drop of 43.9% from the June 30th total of 8,936 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 5,404 shares, the days-to-cover ratio is presently 0.9 days.
LightInTheBox Stock Performance
Shares of LightInTheBox stock traded up $0.04 on Wednesday, reaching $3.04. The company had a trading volume of 835 shares, compared to its average volume of 10,492. The firm’s 50 day moving average price is $3.17 and its two-hundred day moving average price is $2.73. LightInTheBox has a 52-week low of $1.15 and a 52-week high of $4.17. The firm has a market cap of $54.64 million and a PE ratio of 6.09.
Institutional Investors Weigh In On LightInTheBox
An institutional investor recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox at the end of the most recent quarter. 56.77% of the stock is currently owned by 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.
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