Short Interest in Blackboxstocks, Inc. (NASDAQ:BLBX) Rises By 32.2%

Blackboxstocks, Inc. (NASDAQ:BLBX) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 267,541 shares, a growth of 32.2% from the January 29th total of 202,438 shares. Based on an average daily trading volume, of 98,278 shares, the short-interest ratio is currently 2.7 days. Approximately 7.8% of the company’s stock are short sold. Approximately 7.8% of the company’s stock are short sold. Based on an average daily trading volume, of 98,278 shares, the short-interest ratio is currently 2.7 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Blackboxstocks by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 26,267 shares of the company’s stock valued at $213,000 after buying an additional 1,422 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in Blackboxstocks during the fourth quarter worth about $81,000. Corient Private Wealth LLC bought a new position in Blackboxstocks in the second quarter worth about $62,000. Canton Hathaway LLC bought a new position in Blackboxstocks in the fourth quarter worth about $95,000. Finally, Franklin Resources Inc. acquired a new position in Blackboxstocks in the fourth quarter valued at approximately $741,000. 3.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLBX has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Blackboxstocks in a research report on Wednesday, January 21st. Wall Street Zen cut Blackboxstocks from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Blackboxstocks presently has a consensus rating of “Sell”.

Blackboxstocks Price Performance

NASDAQ:BLBX traded up $4.49 during mid-day trading on Monday, reaching $18.46. The stock had a trading volume of 1,097,729 shares, compared to its average volume of 160,240. The stock’s 50 day simple moving average is $11.16 and its two-hundred day simple moving average is $8.81. Blackboxstocks has a 1-year low of $2.48 and a 1-year high of $18.92. The company has a market capitalization of $79.47 million, a price-to-earnings ratio of -15.78 and a beta of 1.56.

Blackboxstocks (NASDAQ:BLBX) last issued its earnings results on Monday, February 23rd. The company reported ($0.40) EPS for the quarter. Blackboxstocks had a negative return on equity of 96.75% and a negative net margin of 182.07%.The firm had revenue of $0.63 million during the quarter.

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.