LightInTheBox Holding Co., Ltd. (NYSE:LITB) Shares Shorted: Short Interest Down 49.9% in October

LightInTheBox Holding Co., Ltd. (NYSE:LITB) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 2,325 shares, a drop of 49.9% from the September 30th total of 4,639 shares. Based on an average daily trading volume, of 6,950 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

LightInTheBox Trading Down 22.0%

LITB traded down $0.61 during trading on Friday, reaching $2.19. 7,826 shares of the company were exchanged, compared to its average volume of 4,273. The stock has a market cap of $38.96 million, a P/E ratio of 4.55 and a beta of 0.02. The firm has a 50 day moving average of $2.98 and a 200 day moving average of $2.83. LightInTheBox has a 52 week low of $1.63 and a 52 week high of $3.92.

LightInTheBox (NYSE:LITB) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.09 earnings per share for the quarter. LightInTheBox had a negative return on equity of 231.00% and a net margin of 3.91%. The firm had revenue of $56.81 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of LightInTheBox from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold”.

Insider Activity at LightInTheBox

In other LightInTheBox news, CEO Jian He purchased 4,254,553 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $0.26 per share, with a total value of $1,106,183.78. Following the acquisition, the chief executive officer owned 4,254,553 shares of the company’s stock, valued at approximately $1,106,183.78. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 62.20% of the company’s stock.

About LightInTheBox

LightInTheBox Holding Co, Ltd. (NYSE:LITB) is a global online retail company that sells products directly to consumers through its websites and mobile applications. The company primarily serves customers outside China and uses a cross-border e-commerce model to market merchandise sourced from manufacturers and suppliers.

Its product offerings include apparel, footwear, accessories, home and garden goods, consumer electronics, beauty products, and other general merchandise. LightInTheBox also offers customized and made-to-order products in selected categories, including clothing and event-related apparel.

Founded in 2007 and headquartered in Singapore, LightInTheBox has built an international customer base spanning numerous markets in North America, Europe, Asia, and other regions.