Boxlight Corp (NASDAQ:BOXL) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 362,660 shares, a decrease of 30.5% from the February 15th total of 521,903 shares. Based on an average trading volume of 243,096 shares, the short-interest ratio is currently 1.5 days. Currently, 6.9% of the shares of the company are sold short.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new position in Boxlight in the 4th quarter valued at about $45,000. Vanguard Group Inc. grew its position in Boxlight by 102.6% in the 3rd quarter. Vanguard Group Inc. now owns 54,226 shares of the company’s stock valued at $158,000 after buying an additional 27,457 shares in the last quarter. Finally, Vanguard Group Inc grew its position in Boxlight by 102.6% in the 3rd quarter. Vanguard Group Inc now owns 54,226 shares of the company’s stock valued at $158,000 after buying an additional 27,457 shares in the last quarter. Hedge funds and other institutional investors own 2.30% of the company’s stock.
Shares of BOXL opened at $2.74 on Friday. The stock has a market capitalization of $25.43 million, a P/E ratio of -2.04 and a beta of 7.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.87 and a quick ratio of 0.67. Boxlight has a 52-week low of $1.14 and a 52-week high of $17.40.
Separately, Zacks Investment Research upgraded shares of Boxlight from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th.
Boxlight Corporation, a visual display technology company, sells educational products for the learning market in the United States and internationally. The company designs, produces, and distributes a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.
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