Blackboxstocks, Inc. (NASDAQ:BLBX) Sees Significant Increase in Short Interest

Blackboxstocks, Inc. (NASDAQ:BLBX) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 255,115 shares, a growth of 62.7% from the November 30th total of 156,815 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average trading volume of 187,596 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 187,596 shares, the short-interest ratio is presently 1.4 days. Currently, 7.4% of the shares of the stock are sold short.

Blackboxstocks Stock Up 1.9%

Shares of NASDAQ:BLBX opened at $8.47 on Monday. The firm has a market cap of $36.51 million, a P/E ratio of -8.14 and a beta of 1.56. Blackboxstocks has a 12 month low of $1.51 and a 12 month high of $17.75. The company’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $7.39.

Analyst Ratings Changes

Several research firms have issued reports on BLBX. Wall Street Zen upgraded Blackboxstocks from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Blackboxstocks in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blackboxstocks currently has an average rating of “Sell”.

Insider Activity

In other Blackboxstocks news, CTO Charles Brandon Smith sold 9,167 shares of Blackboxstocks stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $9.08, for a total transaction of $83,236.36. Following the sale, the chief technology officer directly owned 27,513 shares of the company’s stock, valued at approximately $249,818.04. The trade was a 24.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles Keller Reid sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $9.24, for a total value of $46,200.00. Following the completion of the sale, the director owned 16,298 shares in the company, valued at approximately $150,593.52. This represents a 23.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 20.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Blackboxstocks stock. Corient Private Wealth LLC bought a new position in shares of Blackboxstocks, Inc. (NASDAQ:BLBX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,531 shares of the company’s stock, valued at approximately $62,000. Corient Private Wealth LLC owned about 0.29% of Blackboxstocks as of its most recent SEC filing. Institutional investors and hedge funds own 3.58% of the company’s stock.

Blackboxstocks Company Profile

Blackboxstocks, Inc (NASDAQ:BLBX) is a provider of real-time, cloud-based analytics and social networking platforms designed to empower active traders and investors with actionable market intelligence. The company’s flagship offering combines proprietary algorithms, pattern recognition and data analytics to deliver instant trade alerts, sentiment indicators and visual dashboards covering equities, options and cryptocurrency markets.

Founded in 2015 and headquartered in Dallas, Texas, Blackboxstocks operates primarily within U.S.