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

LightInTheBox Holding Co., Ltd. (NYSE:LITB) was the recipient of a large 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 presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

LightInTheBox Stock Performance

NYSE:LITB opened at $0.52 on Friday. LightInTheBox has a 12-month low of $0.40 and a 12-month high of $1.47. The company’s 50-day moving average is $0.66 and its two-hundred day moving average is $0.74.

Shares of LightInTheBox are scheduled to reverse split 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 market closes on Wednesday, September 4th.

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on LightInTheBox in a report on Sunday. They issued a “buy” rating for the company.

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.