Blackboxstocks, Inc. (NASDAQ:BLBX) Short Interest Up 62.7% in December

Blackboxstocks, Inc. (NASDAQ:BLBX) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 255,115 shares, an increase of 62.7% from the November 30th total of 156,815 shares. Based on an average daily trading volume, of 187,596 shares, the days-to-cover ratio is currently 1.4 days. Currently, 7.4% of the company’s stock are sold short. Currently, 7.4% of the company’s stock are sold short. Based on an average daily trading volume, of 187,596 shares, the days-to-cover ratio is currently 1.4 days.

Insider Activity at Blackboxstocks

In other Blackboxstocks news, CTO Charles Brandon Smith sold 9,167 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $9.08, for a total transaction of $83,236.36. Following the transaction, the chief technology officer owned 27,513 shares in the company, valued at approximately $249,818.04. This represents a 24.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles Keller Reid sold 5,000 shares of the stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $9.24, for a total value of $46,200.00. Following the completion of the transaction, the director directly owned 16,298 shares in the company, valued at $150,593.52. This represents a 23.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 20.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Blackboxstocks stock. Corient Private Wealth LLC acquired a new stake in Blackboxstocks, Inc. (NASDAQ:BLBX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,531 shares of the company’s stock, valued at approximately $62,000. Corient Private Wealth LLC owned 0.28% of Blackboxstocks at the end of the most recent quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Blackboxstocks from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Blackboxstocks in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Blackboxstocks Trading Up 1.9%

NASDAQ:BLBX traded up $0.16 during trading hours on Friday, hitting $8.47. The company had a trading volume of 18,896 shares, compared to its average volume of 141,690. Blackboxstocks has a 1 year low of $1.51 and a 1 year high of $17.75. The company has a market cap of $36.46 million, a P/E ratio of -8.14 and a beta of 1.56. The company has a 50-day moving average of $8.02 and a 200 day moving average of $7.38.

About Blackboxstocks

Blackboxstocks, Inc (NASDAQ:BLBX) is a provider of real-time, cloud-based analytics and social networking platforms designed to empower active traders and investors with actionable market intelligence. The company’s flagship offering combines proprietary algorithms, pattern recognition and data analytics to deliver instant trade alerts, sentiment indicators and visual dashboards covering equities, options and cryptocurrency markets.

Founded in 2015 and headquartered in Dallas, Texas, Blackboxstocks operates primarily within U.S.