LightInTheBox Holding Co., Ltd. (NYSE:LITB - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 70,600 shares, a growth of 33.7% from the July 31st total of 52,800 shares. Based on an average daily volume of 111,800 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.
LightInTheBox Price Performance
Shares of LITB stock traded down $0.13 during trading hours on Friday, reaching $0.52. 390,049 shares of the company traded hands, compared to its average volume of 105,626. LightInTheBox has a 12-month low of $0.40 and a 12-month high of $1.47. The company has a market cap of $57.81 million, a P/E ratio of -6.50 and a beta of 0.95. The firm has a 50-day moving average price of $0.66 and a 200 day moving average price of $0.74.
LightInTheBox shares are going to reverse split before the market opens on 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 closing bell on Wednesday, September 4th.
LightInTheBox (NYSE:LITB - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The technology company reported $0.01 EPS for the quarter. The business had revenue of $69.36 million during the quarter.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on LightInTheBox in a research report on Saturday, August 24th. They issued a "buy" rating on the stock.
Get Our Latest Analysis on LITB
LightInTheBox Company Profile
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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.
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