Boxlight Corporation (NASDAQ:BOXL) Short Interest Down 45.1% in January

Boxlight Corporation (NASDAQ:BOXL) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 165,558 shares, a decline of 45.1% from the January 15th total of 301,701 shares. Based on an average trading volume of 12,107,550 shares, the short-interest ratio is currently 0.0 days. Approximately 18.6% of the shares of the company are sold short. Approximately 18.6% of the shares of the company are sold short. Based on an average trading volume of 12,107,550 shares, the short-interest ratio is currently 0.0 days.

Boxlight Stock Performance

NASDAQ:BOXL traded down $0.07 during trading hours on Friday, hitting $1.33. 511,765 shares of the company’s stock traded hands, compared to its average volume of 17,509,924. Boxlight has a twelve month low of $1.19 and a twelve month high of $60.90. The firm has a market cap of $1.26 million, a P/E ratio of -0.02 and a beta of 1.02. The stock’s fifty day moving average price is $2.30 and its two-hundred day moving average price is $7.52.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOXL. Scientech Research LLC bought a new stake in Boxlight in the 3rd quarter valued at $33,000. Cary Street Partners Financial LLC bought a new stake in Boxlight in the third quarter valued at about $72,000. Kazazian Asset Management LLC acquired a new position in Boxlight in the second quarter worth about $395,000. Finally, Anson Funds Management LP bought a new position in Boxlight during the third quarter worth about $802,000. Institutional investors own 6.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen cut Boxlight from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a research report 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 MarketBeat, Boxlight currently has a consensus rating of “Reduce”.

About Boxlight

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.