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

Boxlight Corporation (NASDAQ:BOXL) saw a significant decline in short interest during the month of 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. Based on an average trading volume of 32,951 shares, the short-interest ratio is presently 1.0 days. Approximately 5.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Boxlight

An institutional investor recently bought a new stake in Boxlight stock. Scientech Research LLC purchased a new position in shares of Boxlight Corporation (NASDAQ:BOXL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned approximately 0.52% of Boxlight as of its most recent SEC filing. Institutional investors own 6.49% of the company’s stock.

Wall Street Analysts Forecast Growth

BOXL has been the topic of a number of research analyst reports. Wall Street Zen upgraded Boxlight from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Boxlight Stock Performance

NASDAQ:BOXL opened at $3.55 on Monday. The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 26.20. Boxlight has a 1-year low of $3.37 and a 1-year high of $365.40. The firm has a market capitalization of $2.45 million, a price-to-earnings ratio of -0.03 and a beta of 0.77. The business’s 50-day moving average price is $4.48 and its two-hundred day moving average price is $6.60.

Boxlight (NASDAQ:BOXL) last posted its earnings results on Friday, May 15th. The company reported ($2.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($39.06) by $36.81. The company had revenue of $22.44 million for the quarter, compared to analyst estimates of $22.42 million.

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.