Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) Sees Significant Drop in Short Interest

Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 10,300 shares, a drop of 48.2% from the August 30th total of 19,900 shares. Based on an average daily trading volume, of 12,600 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Separately, ValuEngine cut Lightinthebox from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

LITB stock traded down $0.01 during mid-day trading on Friday, reaching $1.06. The company had a trading volume of 21,580 shares, compared to its average volume of 16,905. Lightinthebox has a one year low of $0.60 and a one year high of $1.81. The stock’s 50-day simple moving average is $1.29 and its two-hundred day simple moving average is $1.43.

Lightinthebox (NYSE:LITB) last issued its quarterly earnings data on Monday, September 9th. The technology company reported ($0.11) earnings per share for the quarter. Lightinthebox had a negative net margin of 30.19% and a negative return on equity of 1,033.92%. The company had revenue of $58.14 million for the quarter.

About Lightinthebox

LightInTheBox Holding Co, Ltd., through its subsidiaries, operates as an online retail company worldwide. It provides apparel products, including customized, special occasion, and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home and garden products, electronics and communication devices, and other products.

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