Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 18,710 shares, a drop of 71.1% from the May 31st total of 64,848 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily volume of 94,712 shares, the short-interest ratio is currently 0.2 days.

Boxlight Stock Performance

NASDAQ:BOXL traded down $0.20 during mid-day trading on Monday, hitting $4.22. 104,739 shares of the company traded hands, compared to its average volume of 824,216. The stock’s fifty day moving average price is $5.20 and its 200-day moving average price is $8.76. Boxlight has a one year low of $3.39 and a one year high of $365.40. The company has a quick ratio of 0.72, a current ratio of 1.63 and a debt-to-equity ratio of 26.20. The firm has a market cap of $2.93 million, a price-to-earnings ratio of -0.18 and a beta of 0.77.

Boxlight (NASDAQ:BOXL) last posted its quarterly earnings data on Friday, May 15th. The company reported ($2.25) EPS for the quarter, topping the consensus estimate of ($39.06) by $36.81. The company had revenue of $22.44 million during the quarter, compared to the consensus estimate of $22.42 million.

Hedge Funds Weigh In On Boxlight

A number of hedge funds have recently modified their holdings of the company. Scientech Research LLC bought a new stake in shares of Boxlight during the 3rd quarter valued at $33,000. Cary Street Partners Financial LLC purchased a new stake in Boxlight in the 3rd quarter worth $72,000. Finally, Anson Funds Management LP purchased a new stake in Boxlight in the 3rd quarter worth $802,000. 6.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on BOXL. Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a report on Wednesday, April 8th. Wall Street Zen raised shares of Boxlight from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Boxlight currently has an average rating of “Sell”.

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.