Short Interest in LightInTheBox Holding Co., Ltd. (NYSE:LITB) Increases By 33.7%

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 70,600 shares, an increase of 33.7% from the July 31st total of 52,800 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 111,800 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on LightInTheBox in a research note on Saturday, August 24th. They issued a “buy” rating for the company.

LightInTheBox Stock Performance

Shares of LITB opened at $0.65 on Friday. The firm has a market capitalization of $72.26 million, a PE ratio of -8.13 and a beta of 0.95. The stock has a 50 day simple moving average of $0.67 and a 200 day simple moving average of $0.74. LightInTheBox has a 52-week low of $0.40 and a 52-week high of $1.47.

LightInTheBox shares are scheduled to reverse split on the morning of Thursday, September 5th. The 1-6 reverse split was announced on Tuesday, August 27th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, September 4th.

LightInTheBox (NYSE:LITB) last announced its earnings results on Friday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $69.36 million during the quarter.

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.