Boxlight Corporation (NASDAQ:BOXL) Short Interest Up 337.0% in June

Boxlight Corporation (NASDAQ:BOXL) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 81,758 shares, a growth of 337.0% from the June 15th total of 18,710 shares. Currently, 13.9% of the company’s shares are short sold. Based on an average trading volume of 2,887,514 shares, the short-interest ratio is currently 0.0 days.

Boxlight Trading Up 4.6%

Boxlight stock traded up $0.21 during midday trading on Friday, reaching $4.78. 105,322 shares of the stock traded hands, compared to its average volume of 1,457,977. The firm has a market cap of $3.32 million, a PE ratio of -0.04 and a beta of 0.77. The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 26.20. The company has a 50-day simple moving average of $4.84 and a two-hundred day simple moving average of $7.28. Boxlight has a 12-month low of $3.39 and a 12-month high of $365.40.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BOXL. Wall Street Zen raised shares of Boxlight from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Boxlight currently has an average rating of “Sell”.

Institutional Investors Weigh In On Boxlight

A hedge fund recently bought a new position in Boxlight stock. Scientech Research LLC purchased a new stake in Boxlight Corporation (NASDAQ:BOXL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned 0.52% of Boxlight as of its most recent SEC filing. 6.49% of the stock is owned by institutional investors and hedge funds.

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.