LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Down 21.2% in July

LightInTheBox Holding Co., Ltd. (NYSE:LITB) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 97,300 shares, a drop of 21.2% from the June 30th total of 123,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 88,000 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on LightInTheBox in a research report on Tuesday, July 23rd. They set a “buy” rating for the company.

LightInTheBox Price Performance

LightInTheBox stock traded up $0.04 during mid-day trading on Friday, hitting $0.71. 110,047 shares of the company were exchanged, compared to its average volume of 61,786. LightInTheBox has a 12-month low of $0.43 and a 12-month high of $1.47. The business’s 50 day simple moving average is $0.77 and its two-hundred day simple moving average is $0.83. The company has a market capitalization of $78.51 million, a P/E ratio of -8.83 and a beta of 0.95.

LightInTheBox (NYSE:LITB) last posted its quarterly earnings data on Tuesday, May 28th. The technology company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $71.17 million during the quarter.

About LightInTheBox

LightInTheBox Holding Co, Ltd., together with its subsidiaries, operates as an online retailer that delivers products directly to its consumers worldwide. The company provides apparel products; and other general merchandise products, such as small accessories and gadgets, home garden, toys and hobbies, electronics and communication devices, and other products.