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

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 76,500 shares, a decrease of 17.7% from the November 30th total of 93,000 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 13,600 shares, the short-interest ratio is presently 5.6 days.

LightInTheBox Price Performance

LightInTheBox stock traded down $0.06 during mid-day trading on Friday, reaching $1.69. 11,535 shares of the stock traded hands, compared to its average volume of 17,563. The stock has a market capitalization of $31.07 million, a PE ratio of -4.83 and a beta of 0.95. The business’s 50-day moving average is $1.96 and its 200-day moving average is $3.04. LightInTheBox has a 12-month low of $1.47 and a 12-month high of $6.84.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing. 56.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of LightInTheBox in a research report on Sunday, December 22nd. They issued a “buy” rating for the company.

LightInTheBox Company Profile

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.