Boxlight Corporation (NASDAQ:BOXL) Sees Significant Drop in Short Interest

Boxlight Corporation (NASDAQ:BOXL) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 32,047 shares, a drop of 60.8% from the June 30th total of 81,758 shares. Approximately 5.5% of the company’s stock are short sold. Based on an average daily trading volume, of 32,951 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen upgraded Boxlight from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed 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, Boxlight currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Boxlight

An institutional investor recently bought a new position in Boxlight stock. Scientech Research LLC purchased a new stake in Boxlight Corporation (NASDAQ:BOXL) during the third quarter, according to the company in its most recent Form 13F filing 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 as of its most recent SEC filing. 6.49% of the stock is owned by hedge funds and other institutional investors.

Boxlight Stock Down 1.1%

Shares of BOXL stock traded down $0.04 on Tuesday, hitting $3.46. The company’s stock had a trading volume of 19,861 shares, compared to its average volume of 712,100. The stock has a market capitalization of $2.39 million, a price-to-earnings ratio of -0.03 and a beta of 0.77. Boxlight has a fifty-two week low of $3.32 and a fifty-two week high of $365.40. The firm’s fifty day moving average price is $4.45 and its 200-day moving average price is $6.55. The company has a debt-to-equity ratio of 26.20, a current ratio of 1.63 and a quick ratio of 0.72.

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

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.