Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 301,701 shares, a growth of 100.6% from the December 31st total of 150,415 shares. Approximately 33.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 993,687 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 993,687 shares, the days-to-cover ratio is presently 0.3 days. Approximately 33.8% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BOXL. Wall Street Zen downgraded shares of Boxlight from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a report on Friday, January 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Boxlight

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kazazian Asset Management LLC acquired a new position in shares of Boxlight during the second quarter worth $395,000. Cary Street Partners Financial LLC acquired a new stake in Boxlight in the third quarter valued at $72,000. Anson Funds Management LP bought a new position in Boxlight during the 3rd quarter worth $802,000. Finally, Scientech Research LLC acquired a new position in Boxlight during the 3rd quarter worth about $33,000. 6.49% of the stock is currently owned by institutional investors and hedge funds.

Boxlight Stock Down 10.6%

NASDAQ BOXL opened at $1.27 on Friday. The company has a market cap of $1.21 million, a price-to-earnings ratio of -0.02 and a beta of 0.94. Boxlight has a twelve month low of $1.19 and a twelve month high of $60.90. The business’s fifty day moving average is $3.09 and its 200 day moving average is $8.48.

Boxlight (NASDAQ:BOXL) last issued its earnings results on Friday, November 14th. The company reported ($11.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($7.26) by ($4.02). The business had revenue of $29.34 million during the quarter, compared to analyst estimates of $24.00 million.

About Boxlight

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.