LightInTheBox Holding Co., Ltd. (NYSE:LITB) Short Interest Down 21.2% in July

LightInTheBox Holding Co., Ltd. (NYSE:LITB) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 97,300 shares, a decline of 21.2% from the June 30th total of 123,400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 88,000 shares, the days-to-cover ratio is currently 1.1 days.

LightInTheBox Price Performance

Shares of NYSE:LITB traded up $0.04 during mid-day trading on Friday, reaching $0.71. 110,047 shares of the company traded hands, compared to its average volume of 61,786. LightInTheBox has a 52 week low of $0.43 and a 52 week high of $1.47. The firm has a market cap of $78.51 million, a PE ratio of -8.83 and a beta of 0.95. The company’s 50 day moving average price is $0.77 and its 200-day moving average price is $0.83.

LightInTheBox (NYSE:LITB) last posted its quarterly earnings results on Tuesday, May 28th. The technology company reported ($0.03) earnings per share for the quarter. The business had revenue of $71.17 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on LightInTheBox in a research note on Tuesday, July 23rd. They set 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.