Boxlight Corporation (NASDAQ:BOXL) Short Interest Up 337.0% in June

by · The Markets Daily

Boxlight Corporation (NASDAQ:BOXL – Get Free Report) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 81,758 shares, a growth of 337.0% from the June 15th total of 18,710 shares. Currently, 13.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,887,514 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BOXL. Wall Street Zen raised Boxlight from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Read Our Latest Research Report on BOXL

Boxlight Trading Up 4.6%

Shares of NASDAQ BOXL traded up $0.21 during midday trading on Friday, reaching $4.78. 105,322 shares of the stock were exchanged, compared to its average volume of 1,457,977. The company has a 50 day simple moving average of $4.84 and a 200 day simple moving average of $7.28. The stock has a market capitalization of $3.32 million, a P/E ratio of -0.04 and a beta of 0.77. The company has a debt-to-equity ratio of 26.20, a quick ratio of 0.72 and a current ratio of 1.63. Boxlight has a twelve month low of $3.39 and a twelve month high of $365.40.

Boxlight (NASDAQ:BOXL – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($2.25) EPS for the quarter, beating analysts’ consensus estimates of ($39.06) by $36.81. The business had revenue of $22.44 million during the quarter, compared to analyst estimates of $22.42 million.

Hedge Funds Weigh In On Boxlight

A hedge fund recently bought a new stake in Boxlight stock. Scientech Research LLC acquired a new stake in Boxlight Corporation (NASDAQ:BOXL – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned 0.52% of Boxlight at the end of the most recent quarter. 6.49% of the stock is currently owned by institutional investors and hedge funds.

Boxlight Company Profile

(Get Free Report)

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.

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