Short Interest in Blackboxstocks, Inc. (NASDAQ:BLBX) Declines By 25.7%

Blackboxstocks, Inc. (NASDAQ:BLBX) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 180,054 shares, a drop of 25.7% from the December 31st total of 242,224 shares. Currently, 5.2% of the company’s stock are short sold. Based on an average daily trading volume, of 88,646 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 88,646 shares, the short-interest ratio is currently 2.0 days. Currently, 5.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blackboxstocks in a report on Wednesday, January 21st. Wall Street Zen raised Blackboxstocks from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Blackboxstocks Trading Down 3.8%

Shares of NASDAQ BLBX traded down $0.44 during midday trading on Friday, reaching $11.20. 110,247 shares of the company were exchanged, compared to its average volume of 119,459. The stock has a market cap of $48.27 million, a P/E ratio of -10.77 and a beta of 1.55. Blackboxstocks has a 1 year low of $2.48 and a 1 year high of $17.75. The stock has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $8.08.

Institutional Investors Weigh In On Blackboxstocks

Several hedge funds have recently modified their holdings of the stock. Canton Hathaway LLC acquired a new position in Blackboxstocks in the 4th quarter valued at $95,000. Corient Private Wealth LLC purchased a new stake in shares of Blackboxstocks in the second quarter valued at about $62,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of Blackboxstocks in the fourth quarter valued at about $81,000. 3.58% of the stock is owned by institutional investors and hedge funds.

About Blackboxstocks

Blackboxstocks, Inc (NASDAQ:BLBX) is a provider of real-time, cloud-based analytics and social networking platforms designed to empower active traders and investors with actionable market intelligence. The company’s flagship offering combines proprietary algorithms, pattern recognition and data analytics to deliver instant trade alerts, sentiment indicators and visual dashboards covering equities, options and cryptocurrency markets.

Founded in 2015 and headquartered in Dallas, Texas, Blackboxstocks operates primarily within U.S.