LightInTheBox Holding Co., Ltd. (NYSE:LITB – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,009 shares, a decrease of 43.9% from the June 30th total of 8,936 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,404 shares, the days-to-cover ratio is currently 0.9 days.
LightInTheBox Price Performance
Shares of LITB stock traded up $0.39 on Thursday, hitting $3.21. 6,001 shares of the stock traded hands, compared to its average volume of 4,104. The firm has a market cap of $57.57 million and a price-to-earnings ratio of 6.42. LightInTheBox has a 52 week low of $1.15 and a 52 week high of $4.17. The firm has a 50 day simple moving average of $3.19 and a two-hundred day simple moving average of $2.74.
Institutional Investors Weigh In On LightInTheBox
A hedge fund recently bought a new stake in LightInTheBox stock. SmartHarvest Portfolios LLC acquired a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,497 shares of the technology company’s stock, valued at approximately $44,000. SmartHarvest Portfolios LLC owned 0.11% of LightInTheBox as of its most recent SEC filing. 56.77% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than LightInTheBox
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for LightInTheBox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LightInTheBox and related companies with MarketBeat.com's FREE daily email newsletter.
