Boxlight Co. (NASDAQ:BOXL) Short Interest Update

Boxlight Co. (NASDAQ:BOXL) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 83,500 shares, an increase of 29.7% from the March 31st total of 64,400 shares. Based on an average daily trading volume, of 51,100 shares, the short-interest ratio is presently 1.6 days. Approximately 1.0% of the shares of the stock are short sold.

Boxlight Stock Performance

NASDAQ:BOXL opened at $0.53 on Tuesday. The stock has a market capitalization of $5.17 million, a P/E ratio of -0.13 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.22 and a debt-to-equity ratio of 2.34. Boxlight has a 1 year low of $0.49 and a 1 year high of $3.09. The firm has a 50 day moving average of $0.71 and a 200-day moving average of $1.00.

Boxlight (NASDAQ:BOXL) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.63) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.03. The firm had revenue of $38.81 million during the quarter, compared to the consensus estimate of $36.48 million. Boxlight had a negative return on equity of 37.72% and a negative net margin of 22.16%. During the same quarter in the previous year, the company posted ($0.24) EPS. As a group, sell-side analysts anticipate that Boxlight will post -1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BOXL has been the topic of several recent analyst reports. Alliance Global Partners decreased their price target on Boxlight from $4.50 to $2.50 and set a “buy” rating on the stock in a research note on Thursday, March 14th. HC Wainwright reduced their target price on shares of Boxlight from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 15th.

About Boxlight

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.