Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 141,952 shares, a decline of 29.2% from the February 26th total of 200,428 shares. Approximately 15.9% of the shares of the company are short sold. Based on an average daily volume of 152,834 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BOXL. Wall Street Zen downgraded shares of Boxlight from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Boxlight in a report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BOXL. Scientech Research LLC purchased a new position in Boxlight in the 3rd quarter valued at about $33,000. Anson Funds Management LP purchased a new stake in Boxlight during the 3rd quarter worth approximately $802,000. Finally, Cary Street Partners Financial LLC purchased a new stake in Boxlight during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 6.49% of the company’s stock.

Boxlight Stock Performance

Boxlight stock opened at $1.21 on Friday. The stock has a market capitalization of $1.15 million, a P/E ratio of -0.01 and a beta of 0.94. The company’s fifty day moving average price is $1.38 and its 200 day moving average price is $5.43. Boxlight has a 1 year low of $0.95 and a 1 year high of $60.90.

About Boxlight

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.