Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 301,701 shares, an increase of 100.6% from the December 31st total of 150,415 shares. Approximately 33.8% of the company’s stock are short sold. Based on an average trading volume of 993,687 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 993,687 shares, the short-interest ratio is currently 0.3 days. Approximately 33.8% of the company’s stock are short sold.

Boxlight Trading Down 3.1%

Shares of NASDAQ:BOXL traded down $0.04 during trading on Friday, reaching $1.23. 312,932 shares of the company traded hands, compared to its average volume of 6,819,503. The firm has a market capitalization of $1.17 million, a price-to-earnings ratio of -0.02 and a beta of 0.94. Boxlight has a 52-week low of $1.19 and a 52-week high of $60.90. The business’s fifty day moving average is $3.02 and its 200-day moving average is $8.40.

Boxlight (NASDAQ:BOXL) last released its quarterly earnings results on Friday, November 14th. The company reported ($11.28) EPS for the quarter, missing analysts’ consensus estimates of ($7.26) by ($4.02). The business had revenue of $29.34 million during the quarter, compared to analyst estimates of $24.00 million.

Analyst Ratings Changes

BOXL has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Boxlight from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Boxlight currently has a consensus rating of “Reduce”.

Institutional Trading of Boxlight

A number of hedge funds have recently made changes to their positions in the stock. Kazazian Asset Management LLC bought a new stake in shares of Boxlight in the 2nd quarter worth $395,000. Cary Street Partners Financial LLC purchased a new position in Boxlight in the 3rd quarter worth about $72,000. Anson Funds Management LP bought a new position in Boxlight during the 3rd quarter valued at about $802,000. Finally, Scientech Research LLC purchased a new stake in shares of Boxlight during the 3rd quarter valued at about $33,000. 6.49% of the stock is owned by institutional investors.

Boxlight Company Profile

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.