Blackboxstocks Inc. (NASDAQ:BLBX) Sees Significant Decrease in Short Interest

Blackboxstocks Inc. (NASDAQ:BLBX) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 7,500 shares, a decrease of 63.9% from the May 15th total of 20,800 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 104,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. ELCO Management Co. LLC purchased a new position in Blackboxstocks Inc. (NASDAQ:BLBX) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $34,000. ELCO Management Co. LLC owned 0.28% of Blackboxstocks at the end of the most recent reporting period. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Blackboxstocks Trading Up 2.6%

Shares of BLBX stock opened at $5.17 on Friday. The company has a market cap of $18.78 million, a price-to-earnings ratio of -5.33 and a beta of 1.30. The stock has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.14. Blackboxstocks has a 12-month low of $1.51 and a 12-month high of $6.00.

Blackboxstocks (NASDAQ:BLBX) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.23) earnings per share for the quarter. Blackboxstocks had a negative return on equity of 49.32% and a negative net margin of 115.49%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Blackboxstocks from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

About Blackboxstocks

Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. The company offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. Blackboxstocks Inc is headquartered in Dallas, Texas.