Short Interest in Blackboxstocks Inc. (NASDAQ:BLBX) Rises By 1,224.5%

Blackboxstocks Inc. (NASDAQ:BLBX) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 184,100 shares, a growth of 1,224.5% from the December 31st total of 13,900 shares. Based on an average daily volume of 66,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 10.1% of the shares of the company are short sold.

Blackboxstocks Price Performance

BLBX stock traded up $0.03 during trading on Tuesday, reaching $3.87. 2,275,175 shares of the stock traded hands, compared to its average volume of 14,575,684. The firm has a market capitalization of $13.70 million, a PE ratio of -3.99 and a beta of 1.30. Blackboxstocks has a 52-week low of $1.51 and a 52-week high of $6.00. The business’s 50 day moving average price is $2.39 and its 200-day moving average price is $2.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Blackboxstocks stock. Ackerman Capital Advisors LLC purchased a new position in shares of Blackboxstocks Inc. (NASDAQ:BLBX) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned approximately 0.39% of Blackboxstocks at the end of the most recent reporting period. 3.58% of the stock is owned by institutional investors and hedge funds.

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.