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

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

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC bought a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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. Institutional investors own 56.77% of the company’s stock.

LightInTheBox Stock Up 5.8%

LightInTheBox stock traded up $0.15 during mid-day trading on Friday, reaching $2.75. 4,310 shares of the company’s stock traded hands, compared to its average volume of 8,046. LightInTheBox has a 12-month low of $0.92 and a 12-month high of $4.17. The stock has a 50 day moving average of $2.60 and a two-hundred day moving average of $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.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of LightInTheBox in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.