Boxlight Corporation (NASDAQ:BOXL) Sees Significant Growth in Short Interest

Boxlight Corporation (NASDAQ:BOXL) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 79,080 shares, a growth of 68.5% from the August 31st total of 46,940 shares. Currently, 14.0% of the shares of the stock are short sold. Based on an average daily volume of 69,833 shares, the days-to-cover ratio is currently 1.1 days.

Boxlight Trading Up 1.0%

Shares of Boxlight stock traded up $0.05 during mid-day trading on Wednesday, hitting $4.80. 1,316 shares of the stock were exchanged, compared to its average volume of 972,999. The stock has a market capitalization of $4.06 million, a price-to-earnings ratio of -0.06 and a beta of 0.90. The company has a current ratio of 0.94, a quick ratio of 0.44 and a debt-to-equity ratio of 26.20. Boxlight has a twelve month low of $2.59 and a twelve month high of $96.84. The company has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $5.35.

Boxlight (NASDAQ:BOXL) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of ($20.16) by $20.50. The business had revenue of $25.92 million for the quarter, compared to analysts’ expectations of $30.85 million.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Boxlight Company Profile

Boxlight Corporation (NASDAQ: BOXL) is an education technology company that develops and distributes classroom technology and digital learning solutions. Its offerings are designed to support interactive instruction, collaboration, content delivery and classroom management for schools and other learning environments.

The company’s product portfolio includes interactive flat-panel displays, interactive projectors, touch boards, document cameras, classroom audio systems and related presentation hardware.