Blackboxstocks Inc. (NASDAQ:BLBX) Short Interest Down 23.8% in November

Blackboxstocks Inc. (NASDAQ:BLBX) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 10,900 shares, a drop of 23.8% from the October 31st total of 14,300 shares. Based on an average daily volume of 8,900 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. Ackerman Capital Advisors LLC acquired a new position in shares of Blackboxstocks Inc. (NASDAQ:BLBX) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned about 0.39% of Blackboxstocks at the end of the most recent reporting period. 3.58% of the stock is owned by hedge funds and other institutional investors.

Blackboxstocks Price Performance

Shares of BLBX stock traded down $0.06 during midday trading on Friday, reaching $2.55. 3,645 shares of the company traded hands, compared to its average volume of 13,638. The firm has a market cap of $9.00 million, a PE ratio of -2.63 and a beta of 1.34. The firm’s 50 day simple moving average is $2.74 and its two-hundred day simple moving average is $2.67. Blackboxstocks has a 1-year low of $1.79 and a 1-year high of $4.15.

Blackboxstocks Company Profile

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.