Boxlight Corporation (NASDAQ:BOXL) Sees Large Growth in Short Interest

Boxlight Corporation (NASDAQ:BOXL) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 200,428 shares, a growth of 50.6% from the February 12th total of 133,068 shares. Based on an average daily trading volume, of 4,504,739 shares, the days-to-cover ratio is presently 0.0 days. Currently, 22.5% of the company’s stock are sold short. Currently, 22.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,504,739 shares, the days-to-cover ratio is presently 0.0 days.

Boxlight Trading Up 0.8%

Shares of BOXL opened at $1.30 on Friday. Boxlight has a 52 week low of $1.19 and a 52 week high of $60.90. The firm has a market cap of $1.24 million, a price-to-earnings ratio of -0.02 and a beta of 0.94. The stock has a 50 day moving average of $1.47 and a 200-day moving average of $6.06.

Analysts Set New Price Targets

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

Institutional Trading of Boxlight

Several institutional investors have recently added to or reduced their stakes in BOXL. Kazazian Asset Management LLC acquired a new stake in shares of Boxlight during the second quarter worth $395,000. Cary Street Partners Financial LLC bought a new position in shares of Boxlight in the 3rd quarter worth about $72,000. Scientech Research LLC acquired a new position in shares of Boxlight in the 3rd quarter valued at about $33,000. Finally, Anson Funds Management LP bought a new stake in shares of Boxlight during the 3rd quarter valued at about $802,000. Institutional investors own 6.49% of the company’s stock.

Boxlight Company Profile

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.