Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 18,710 shares, a decrease of 71.1% from the May 31st total of 64,848 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily volume of 94,712 shares, the days-to-cover ratio is currently 0.2 days.

Boxlight Stock Down 1.8%

Shares of Boxlight stock traded down $0.08 during trading hours on Friday, reaching $4.42. The company’s stock had a trading volume of 398,550 shares, compared to its average volume of 1,427,134. Boxlight has a one year low of $3.39 and a one year high of $365.40. The company has a market capitalization of $3.05 million, a P/E ratio of -0.19 and a beta of 0.77. The stock’s fifty day simple moving average is $5.20 and its two-hundred day simple moving average is $8.91. The company has a debt-to-equity ratio of 26.20, a quick ratio of 0.72 and a current ratio of 1.63.

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

Institutional Trading of Boxlight

Several institutional investors and hedge funds have recently modified their holdings of the stock. Scientech Research LLC purchased a new stake in shares of Boxlight in the third quarter valued at about $33,000. Cary Street Partners Financial LLC purchased a new position in Boxlight during the third quarter worth about $72,000. Finally, Anson Funds Management LP bought a new stake in Boxlight in the 3rd quarter worth about $802,000. 6.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BOXL has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a research note on Wednesday, April 8th. Wall Street Zen raised Boxlight from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average 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.