Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 46,940 shares, a drop of 75.5% from the August 15th total of 191,687 shares. Based on an average trading volume of 142,623 shares, the days-to-cover ratio is presently 0.3 days. Currently, 8.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a research note on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Boxlight Price Performance

Shares of NASDAQ BOXL traded up $0.02 during midday trading on Friday, hitting $5.69. 13,052 shares of the company’s stock were exchanged, compared to its average volume of 295,692. The company has a current ratio of 0.94, a quick ratio of 0.44 and a debt-to-equity ratio of 26.20. The business’s fifty day moving average price is $4.82 and its two-hundred day moving average price is $5.66. The company has a market cap of $3.81 million, a price-to-earnings ratio of -0.07 and a beta of 0.90. Boxlight has a 12-month low of $2.59 and a 12-month high of $365.40.

Boxlight (NASDAQ:BOXL) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of ($20.16) by $20.50. The company had revenue of $25.92 million during the quarter, compared to analysts’ expectations of $30.85 million.

Institutional Trading of Boxlight

An institutional investor recently bought a new position in Boxlight stock. Scientech Research LLC acquired a new position in Boxlight Corporation (NASDAQ:BOXL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned 0.52% of Boxlight at the end of the most recent quarter. 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.