Boxlight Corp (NASDAQ:BOXL) Sees Large Growth in Short Interest

Boxlight Corp (NASDAQ:BOXL) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 317,800 shares, an increase of 31.3% from the December 15th total of 242,000 shares. Based on an average daily trading volume, of 162,600 shares, the days-to-cover ratio is presently 2.0 days. Approximately 6.3% of the company’s stock are sold short.

BOXL stock opened at $1.20 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $13.45 million, a price-to-earnings ratio of -3.08 and a beta of 5.28. Boxlight has a 12 month low of $1.03 and a 12 month high of $4.56. The firm has a 50 day moving average of $1.25 and a two-hundred day moving average of $1.99.

Boxlight (NASDAQ:BOXL) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The business had revenue of $11.60 million during the quarter, compared to the consensus estimate of $15.81 million. Boxlight had a negative return on equity of 93.01% and a negative net margin of 16.98%. On average, research analysts expect that Boxlight will post -0.49 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Boxlight by 188.0% in the second quarter. Vanguard Group Inc. now owns 371,327 shares of the company’s stock worth $1,140,000 after acquiring an additional 242,393 shares in the last quarter. Jane Street Group LLC bought a new stake in Boxlight in the second quarter worth approximately $50,000. BlackRock Inc. grew its position in Boxlight by 319.9% in the second quarter. BlackRock Inc. now owns 11,660 shares of the company’s stock worth $36,000 after acquiring an additional 8,883 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Boxlight in the second quarter worth approximately $33,000. 5.16% of the stock is owned by institutional investors.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Boxlight from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. National Securities assumed coverage on shares of Boxlight in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $4.00 price objective on the stock. Maxim Group reiterated a “buy” rating and issued a $6.00 price objective on shares of Boxlight in a research note on Sunday, October 6th. Finally, ValuEngine upgraded shares of Boxlight from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Boxlight has a consensus rating of “Buy” and an average target price of $4.08.

About Boxlight

Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems.

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