Short Interest in Blackboxstocks, Inc. (NASDAQ:BLBX) Increases By 62.7%

Blackboxstocks, Inc. (NASDAQ:BLBX) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 255,115 shares, an increase of 62.7% from the November 30th total of 156,815 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 187,596 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 187,596 shares, the days-to-cover ratio is currently 1.4 days. Currently, 7.4% of the shares of the stock are sold short.

Blackboxstocks Price Performance

Shares of NASDAQ:BLBX traded up $0.16 on Friday, hitting $8.47. 18,896 shares of the company’s stock were exchanged, compared to its average volume of 141,690. The business’s 50 day simple moving average is $8.02 and its two-hundred day simple moving average is $7.38. The stock has a market capitalization of $36.46 million, a price-to-earnings ratio of -8.14 and a beta of 1.56. Blackboxstocks has a 12 month low of $1.51 and a 12 month high of $17.75.

Analysts Set New Price Targets

BLBX has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Blackboxstocks from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blackboxstocks in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Insider Buying and Selling

In other news, Director Charles Keller Reid sold 5,000 shares of Blackboxstocks stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $9.24, for a total value of $46,200.00. Following the transaction, the director owned 16,298 shares in the company, valued at approximately $150,593.52. The trade was a 23.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Charles Brandon Smith sold 9,167 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $9.08, for a total transaction of $83,236.36. Following the completion of the transaction, the chief technology officer owned 27,513 shares in the company, valued at $249,818.04. The trade was a 24.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 20.10% of the company’s stock.

Institutional Investors Weigh In On Blackboxstocks

An institutional investor recently bought a new position in Blackboxstocks stock. Corient Private Wealth LLC purchased a new stake in shares of Blackboxstocks, Inc. (NASDAQ:BLBX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,531 shares of the company’s stock, valued at approximately $62,000. Corient Private Wealth LLC owned about 0.29% of Blackboxstocks as of its most recent filing with the Securities & Exchange Commission. 3.58% of the stock is owned by hedge funds and other institutional investors.

Blackboxstocks Company Profile

Blackboxstocks, Inc (NASDAQ:BLBX) is a provider of real-time, cloud-based analytics and social networking platforms designed to empower active traders and investors with actionable market intelligence. The company’s flagship offering combines proprietary algorithms, pattern recognition and data analytics to deliver instant trade alerts, sentiment indicators and visual dashboards covering equities, options and cryptocurrency markets.

Founded in 2015 and headquartered in Dallas, Texas, Blackboxstocks operates primarily within U.S.