Boxlight Corporation (NASDAQ:BOXL) Short Interest Up 337.0% in June

Boxlight Corporation (NASDAQ:BOXL) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 81,758 shares, a growth of 337.0% from the June 15th total of 18,710 shares. Approximately 13.9% of the shares of the stock are sold short. Based on an average daily volume of 2,887,514 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Boxlight

A hedge fund recently bought a new stake in Boxlight stock. Scientech Research LLC purchased a new stake in shares of Boxlight Corporation (NASDAQ:BOXL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned approximately 0.52% of Boxlight at the end of the most recent quarter. 6.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BOXL has been the subject of several research reports. Wall Street Zen raised Boxlight from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Boxlight Trading Down 10.9%

Shares of Boxlight stock traded down $0.52 during trading on Monday, hitting $4.26. The stock had a trading volume of 36,391 shares, compared to its average volume of 770,746. The stock has a 50 day simple moving average of $4.79 and a 200 day simple moving average of $7.12. The company has a market capitalization of $2.94 million, a PE ratio of -0.03 and a beta of 0.77. The company has a quick ratio of 0.72, a current ratio of 1.63 and a debt-to-equity ratio of 26.20. Boxlight has a 1 year low of $3.39 and a 1 year high of $365.40.

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