Short Interest in Boxlight Co. (NASDAQ:BOXL) Drops By 23.7%

Boxlight Co. (NASDAQ:BOXL) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 87,400 shares, a decline of 23.7% from the March 31st total of 114,600 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 80,400 shares, the short-interest ratio is currently 1.1 days.

Boxlight Trading Up 1.9 %

Shares of NASDAQ:BOXL opened at $1.63 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.08 and a debt-to-equity ratio of 5.67. Boxlight has a 12-month low of $1.06 and a 12-month high of $10.65. The business has a 50 day moving average of $1.53 and a two-hundred day moving average of $2.38. The company has a market capitalization of $3.63 million, a PE ratio of -0.10 and a beta of 1.41.

Boxlight (NASDAQ:BOXL) last posted its earnings results on Friday, March 28th. The company reported ($8.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($8.06). Boxlight had a negative net margin of 19.44% and a negative return on equity of 164.45%. The firm had revenue of $30.08 million during the quarter, compared to analyst estimates of $30.08 million.

Hedge Funds Weigh In On Boxlight

An institutional investor recently bought a new position in Boxlight stock. Kazazian Asset Management LLC acquired a new stake in Boxlight Co. (NASDAQ:BOXL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned approximately 3.77% of Boxlight at the end of the most recent reporting period. Institutional investors own 6.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Maxim Group reaffirmed a “hold” rating on shares of Boxlight in a research report on Monday, April 7th.

Boxlight Company Profile

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.