LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Update

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 10,871 shares, a growth of 150.0% from the May 31st total of 4,349 shares. Based on an average trading volume of 9,078 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of LightInTheBox in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, LightInTheBox currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new position in LightInTheBox stock. SmartHarvest Portfolios LLC purchased a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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 currently owned by hedge funds and other institutional investors.

LightInTheBox Stock Down 3.9%

LightInTheBox stock traded down $0.12 during midday trading on Tuesday, hitting $2.98. 8,651 shares of the stock were exchanged, compared to its average volume of 8,716. The company has a fifty day simple moving average of $2.86 and a two-hundred day simple moving average of $2.60. LightInTheBox has a 52 week low of $1.11 and a 52 week high of $4.17. The stock has a market capitalization of $53.46 million, a PE ratio of 5.96 and a beta of -0.05.

About LightInTheBox

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.