Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 81,758 shares, an increase of 337.0% from the June 15th total of 18,710 shares. Based on an average daily trading volume, of 2,887,514 shares, the short-interest ratio is currently 0.0 days. Approximately 13.9% of the company’s shares are sold short.

Boxlight Stock Down 10.9%

Boxlight stock opened at $4.26 on Tuesday. The firm has a market cap of $2.94 million, a price-to-earnings ratio of -0.03 and a beta of 0.77. The company has a current ratio of 1.63, a quick ratio of 0.72 and a debt-to-equity ratio of 26.20. Boxlight has a 12 month low of $3.39 and a 12 month high of $365.40. The stock has a fifty day simple moving average of $4.79 and a two-hundred day simple moving average of $7.12.

Boxlight (NASDAQ:BOXL) last issued its quarterly earnings data on Friday, May 15th. The company reported ($2.25) EPS for the quarter, topping the consensus estimate of ($39.06) by $36.81. The firm had revenue of $22.44 million during the quarter, compared to the consensus estimate of $22.42 million.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BOXL. Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. Wall Street Zen raised shares of Boxlight from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Boxlight

An institutional investor recently bought a new stake in Boxlight stock. Anson Funds Management LP purchased a new stake in Boxlight Corporation (NASDAQ:BOXL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 332,970 shares of the company’s stock, valued at approximately $802,000. Anson Funds Management LP owned about 12.52% of Boxlight at the end of the most recent quarter. 6.49% of the stock is currently owned by institutional investors and hedge funds.

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.