Short Interest in Blackboxstocks Inc. (NASDAQ:BLBX) Decreases By 33.0%

Posted by Doug Wharley on May 26th, 2023

Blackboxstocks Inc. (NASDAQ:BLBX – Get Rating) saw a large decline in short interest in May. As of May 15th, there was short interest totalling 53,500 shares, a decline of 33.0% from the April 30th total of 79,800 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 469,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Blackboxstocks

An institutional investor recently bought a new position in Blackboxstocks stock. Virtu Financial LLC purchased a new stake in shares of Blackboxstocks Inc. (NASDAQ:BLBX – Get Rating) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,453 shares of the company’s stock, valued at approximately $29,000. Virtu Financial LLC owned approximately 0.15% of Blackboxstocks at the end of the most recent quarter. 3.28% of the stock is owned by institutional investors.

Blackboxstocks Stock Up 4.6 %

BLBX stock traded up $0.16 during midday trading on Friday, reaching $3.63. 35,442 shares of the company’s stock traded hands, compared to its average volume of 343,264. The company has a market cap of $11.45 million, a price-to-earnings ratio of -2.47 and a beta of 1.01. The firm’s fifty day moving average price is $3.22 and its 200-day moving average price is $2.58. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.03. Blackboxstocks has a 52 week low of $1.04 and a 52 week high of $9.50.

Blackboxstocks Company Profile

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Blackboxstocks, Inc engages in the operation of a financial technology and social media platform. It offers real-time proprietary analytics and news for stock and option traders. The company was founded on October 4, 2011 and is headquartered in Dallas, TX.