Short Interest in Boxlight Corporation (NASDAQ:BOXL) Declines By 75.5%

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

Boxlight Stock Performance

Shares of NASDAQ:BOXL traded up $0.02 on Friday, reaching $5.69. The company’s stock had a trading volume of 13,052 shares, compared to its average volume of 295,692. Boxlight has a 52-week low of $2.59 and a 52-week high of $365.40. The stock has a market capitalization of $3.81 million, a P/E ratio of -0.07 and a beta of 0.90. The stock’s 50-day moving average is $4.82 and its two-hundred day moving average is $5.66. The company has a debt-to-equity ratio of 26.20, a current ratio of 0.94 and a quick ratio of 0.44.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Boxlight stock. Scientech Research LLC purchased a new position in shares of Boxlight Corporation (NASDAQ:BOXL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 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 reporting period. 6.49% of the stock is currently owned by institutional investors and hedge funds.

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.