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

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 76,500 shares, a decline 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 daily volume of 13,600 shares, the short-interest ratio is currently 5.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on LightInTheBox in a research report on Monday. They set a “buy” rating for the company.

LightInTheBox Stock Performance

LITB stock traded up $0.02 during mid-day trading on Monday, hitting $1.71. The company had a trading volume of 13,714 shares, compared to its average volume of 17,548. LightInTheBox has a 12 month low of $1.47 and a 12 month high of $6.84. The stock’s fifty day moving average price is $1.96 and its two-hundred day moving average price is $3.03. The firm has a market cap of $31.44 million, a PE ratio of -4.89 and a beta of 0.95.

Institutional Investors Weigh In On LightInTheBox

An institutional investor recently bought a new position in LightInTheBox stock. Garden State Investment Advisory Services LLC bought a new stake in LightInTheBox Holding Co., Ltd. (NYSE:LITB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned 0.06% of LightInTheBox at the end of the most recent reporting period. 56.77% of the stock is currently owned by institutional investors and hedge funds.

About LightInTheBox

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.