Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) Sees Large Increase in Short Interest

Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) was the recipient of a significant increase in short interest in the month of November. As of November 29th, there was short interest totalling 35,900 shares, an increase of 22.9% from the November 14th total of 29,200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 62,800 shares, the days-to-cover ratio is presently 0.6 days.

Separately, ValuEngine upgraded shares of Lightinthebox from a “sell” rating to a “hold” rating in a report on Friday, October 25th.

Lightinthebox stock remained flat at $$0.91 during trading on Friday. 64,278 shares of the company were exchanged, compared to its average volume of 154,815. Lightinthebox has a 52-week low of $0.62 and a 52-week high of $1.81. The business’s 50-day moving average price is $0.90 and its 200 day moving average price is $1.26.

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.

Read More: Short Selling

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