Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totaling 150,415 shares, a drop of 41.1% from the December 15th total of 255,163 shares. Based on an average daily volume of 374,954 shares, the days-to-cover ratio is currently 0.4 days. Approximately 16.9% of the company’s shares are sold short. Approximately 16.9% of the company’s shares are sold short. Based on an average daily volume of 374,954 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a 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 equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Hedge Funds Weigh In On Boxlight

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Scientech Research LLC bought a new stake in Boxlight during the third quarter valued at $33,000. Anson Funds Management LP acquired a new position in shares of Boxlight in the 3rd quarter valued at about $802,000. Cary Street Partners Financial LLC acquired a new position in shares of Boxlight in the 3rd quarter valued at about $72,000. Finally, Kazazian Asset Management LLC bought a new stake in shares of Boxlight during the 2nd quarter valued at about $395,000. Institutional investors and hedge funds own 6.49% of the company’s stock.

Boxlight Price Performance

Boxlight stock opened at $1.35 on Friday. The stock’s 50 day moving average is $3.91 and its 200 day moving average is $9.15. Boxlight has a one year low of $1.19 and a one year high of $60.90. The firm has a market cap of $1.28 million, a P/E ratio of -0.02 and a beta of 0.94.

Boxlight (NASDAQ:BOXL) last released its earnings results on Friday, November 14th. The company reported ($11.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($7.26) by ($4.02). The business had revenue of $29.34 million for the quarter, compared to analyst estimates of $24.00 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.