Short Interest in Boxlight Corporation (NASDAQ:BOXL) Expands By 624.7%

Boxlight Corporation (NASDAQ:BOXLGet Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 191,687 shares, a growth of 624.7% from the July 30th total of 26,450 shares. Approximately 34.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,646,649 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of brokerages have weighed in on BOXL. Wall Street Zen upgraded Boxlight from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Boxlight has an average rating of “Sell”.

View Our Latest Analysis on Boxlight

Institutional Investors Weigh In On Boxlight

A hedge fund recently bought a new stake in Boxlight stock. Scientech Research LLC bought a new position in Boxlight Corporation (NASDAQ:BOXLFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned about 0.52% of Boxlight at the end of the most recent quarter. Hedge funds and other institutional investors own 6.49% of the company’s stock.

Boxlight Price Performance

NASDAQ BOXL traded down $0.04 during trading hours on Thursday, reaching $6.01. 9,488 shares of the company’s stock were exchanged, compared to its average volume of 1,101,631. The stock has a market cap of $4.03 million, a PE ratio of -0.07 and a beta of 0.81. Boxlight has a one year low of $2.59 and a one year high of $365.40. The firm has a fifty day moving average of $4.44 and a 200-day moving average of $5.87. The company has a current ratio of 0.94, a quick ratio of 0.44 and a debt-to-equity ratio of 26.20.

Boxlight (NASDAQ:BOXLGet Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $30.85 million.

Boxlight Company Profile

(Get Free Report)

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.

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