Short Interest in Boxlight Corporation (NASDAQ:BOXL) Decreases By 71.1%

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

Boxlight Stock Down 1.8%

Shares of NASDAQ:BOXL opened at $4.42 on Friday. Boxlight has a 52-week low of $3.39 and a 52-week high of $365.40. The firm has a fifty day moving average of $5.20 and a 200 day moving average of $8.91. The firm has a market capitalization of $3.05 million, a PE ratio of -0.19 and a beta of 0.77. The company has a debt-to-equity ratio of 26.20, a quick ratio of 0.72 and a current ratio of 1.63.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Boxlight

Large investors have recently made changes to their positions in the business. Scientech Research LLC purchased a new stake in Boxlight in the third quarter worth $33,000. Cary Street Partners Financial LLC purchased a new position in Boxlight during the 3rd quarter valued at $72,000. Finally, Anson Funds Management LP bought a new position in Boxlight in the 3rd quarter worth $802,000. 6.49% of the stock is currently owned by institutional investors.

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.