Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 190,555 shares, a growth of 34.2% from the March 15th total of 141,952 shares. Currently, 21.4% of the company’s shares are short sold. Based on an average daily volume of 1,164,711 shares, the short-interest ratio is presently 0.2 days.

Boxlight Price Performance

Shares of BOXL traded down $0.01 during mid-day trading on Thursday, reaching $1.21. The company had a trading volume of 52,709 shares, compared to its average volume of 5,908,499. Boxlight has a twelve month low of $0.95 and a twelve month high of $60.90. The company’s 50-day moving average is $1.30 and its 200-day moving average is $4.25. The company has a market capitalization of $1.15 million, a P/E ratio of -0.01 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Scientech Research LLC acquired a new stake in shares of Boxlight in the third quarter valued at about $33,000. Cary Street Partners Financial LLC acquired a new stake in shares of Boxlight in the third quarter valued at about $72,000. Finally, Anson Funds Management LP acquired a new position in shares of Boxlight during the 3rd quarter worth approximately $802,000. 6.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BOXL. Wall Street Zen downgraded 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 Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.