Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

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

Institutional Investors Weigh In On Boxlight

Several large investors have recently made changes to their positions in the stock. Scientech Research LLC bought a new stake in shares of Boxlight during the third quarter worth $33,000. Anson Funds Management LP bought a new stake in Boxlight in the 3rd quarter valued at $802,000. Cary Street Partners Financial LLC bought a new stake in Boxlight in the 3rd quarter valued at $72,000. Finally, Kazazian Asset Management LLC acquired a new position in Boxlight in the 2nd quarter worth $395,000. Institutional investors own 6.49% of the company’s stock.

Boxlight Stock Performance

Shares of BOXL opened at $1.30 on Friday. The stock has a 50 day simple moving average of $1.47 and a 200 day simple moving average of $6.09. Boxlight has a 52-week low of $1.19 and a 52-week high of $60.90. The firm has a market capitalization of $1.24 million, a PE ratio of -0.02 and a beta of 0.94.

Wall Street Analysts Forecast Growth

BOXL has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a research report on Friday, January 9th. Wall Street Zen cut shares of Boxlight from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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.