Boxlight Corporation (NASDAQ:BOXL) Stock Short Interest Declines 56.0%

Boxlight Corporation (NASDAQ:BOXL) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 34,772 shares, a drop of 56.0% from the September 15th total of 79,080 shares. Approximately 4.9% of the company’s shares are short sold. Based on an average trading volume of 42,752 shares, the short-interest ratio is currently 0.8 days.

Boxlight Trading Down 13.3%

NASDAQ BOXL traded down $0.43 on Tuesday, hitting $2.81. The company’s stock had a trading volume of 23,026 shares, compared to its average volume of 929,746. The firm has a market cap of $2.36 million, a P/E ratio of -0.03 and a beta of 0.91. Boxlight has a 52-week low of $2.59 and a 52-week high of $73.80. The company’s 50-day simple moving average is $5.09 and its 200 day simple moving average is $5.16.

Boxlight (NASDAQ:BOXL) last posted its earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a research note on Friday, October 2nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Boxlight currently has a consensus rating of “Sell”.

About Boxlight

Boxlight Corporation (NASDAQ: BOXL) is an educational technology company that provides hardware, software and services designed to support interactive learning and collaboration. Its solutions are used in classrooms, training environments and other presentation settings by schools, businesses and government organizations.

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