Boxlight Corporation (NASDAQ:BOXL) Sees Large Drop in Short Interest

Boxlight Corporation (NASDAQ:BOXL) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 32,047 shares, a decline of 60.8% from the June 30th total of 81,758 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average trading volume of 32,951 shares, the short-interest ratio is currently 1.0 days.

Boxlight Stock Performance

NASDAQ:BOXL opened at $3.55 on Monday. Boxlight has a twelve month low of $3.37 and a twelve month high of $365.40. The company has a quick ratio of 0.72, a current ratio of 1.63 and a debt-to-equity ratio of 26.20. The business has a 50 day moving average price of $4.48 and a two-hundred day moving average price of $6.60. The company has a market cap of $2.45 million, a P/E ratio of -0.03 and a beta of 0.77.

Boxlight (NASDAQ:BOXL) last posted its quarterly earnings data on Friday, May 15th. The company reported ($2.25) earnings per share (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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BOXL. Wall Street Zen upgraded Boxlight from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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