LightInTheBox Holding Co., Ltd. (NYSE:LITB) Sees Large Decrease in Short Interest
shares, a decline of 27.8% from the March 31st total of 90,400 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 0.4 days. This is the first time that LightInTheBox Holding Co., Ltd. (NYSE:LITB) has experienced a decrease in short interest since O
( ) saw a notable decline in short interest during the month of April. On April 15, there were 65,800 shorted shares. This is a decrease of 20,2% from March 31, when the total was 82,500. The short-interest ratio, based on a daily average trading volume of 55,000 share, is currently 1.2 days. About 0.1% of a company's stock is short-sold.
LightInTheBox Price Performance
During trading hours, the stock rose $0.07 to $1.33. The company's stock changed hands 32,249 times, as opposed to the 52,493 shares that it averages. LightInTheBox's 1 year low is $0.73, and its 1 year high is $1.88. The company has a 50-day moving price of 1,34 dollars and a 200 day moving price of $1.23. The company announced its last quarterly results on March 20th. The technology company reported a quarterly earnings per share of ($0.03). During the quarter, revenue was $156.42 millions. LightInTheBox's negative net margin was 11.23%, and its negative return on equity was 28.91%.
Trading LightInTheBox by Institutions
Recently, a hedge fund purchased a new stake of LightInTheBox. According to its latest 13F filing, the company reported that it had made a profit of $30,000 in the second quarter. The institutional investor purchased 34,382 of the stock of the technology firm, worth approximately $33,000. Institutional investors and hedge fund currently own 7.90%.
Analyst Upgrades and downgrades
In a Sunday research report, LightInTheBox was covered. The company was given a rating of 'hold'.
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LightInTheBox Holding Co, Ltd. is engaged in online retail sales and distribution of consumer goods. It is divided into two segments: Product Sales and Services and Other. The product sales segment includes sales of apparel, general merchandise and other products through the company's websites, mobile applications and supplemental online.
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