Short Interest in LightInTheBox Holding Co., Ltd. (NYSE:LITB) Declines By 17.7%

Posted by Lindsey Winhoffer on Dec 30th, 2024

LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 76,500 shares, a drop of 17.7% from the November 30th total of 93,000 shares. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is presently 5.6 days. Currently, 0.4% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of LightInTheBox in a research report on Monday. They set a “buy” rating for the company.

Read Our Latest Report on LITB

Hedge Funds Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new stake in shares of LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned approximately 0.06% of LightInTheBox at the end of the most recent reporting period. Institutional investors own 56.77% of the company’s stock.

LightInTheBox Stock Performance

Shares of LightInTheBox stock traded up $0.02 on Monday, hitting $1.71. The company had a trading volume of 13,714 shares, compared to its average volume of 17,548. The stock has a market capitalization of $31.44 million, a price-to-earnings ratio of -4.89 and a beta of 0.95. LightInTheBox has a 1 year low of $1.47 and a 1 year high of $6.84. The stock has a 50 day moving average of $1.96 and a 200-day moving average of $3.03.

LightInTheBox Company Profile

(Get Free Report)

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.