Boxlight Co. (NASDAQ:BOXL) Short Interest Down 89.3% in February

Boxlight Co. (NASDAQ:BOXL) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 36,800 shares, a drop of 89.3% from the January 31st total of 344,300 shares. Based on an average daily volume of 850,900 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.0% of the company’s shares are sold short.

Boxlight Trading Down 2.7 %

BOXL opened at $1.83 on Friday. Boxlight has a 52 week low of $1.52 and a 52 week high of $10.65. The company has a quick ratio of 1.08, a current ratio of 2.10 and a debt-to-equity ratio of 5.67. The business has a fifty day simple moving average of $3.32 and a 200-day simple moving average of $2.64. The firm has a market cap of $3.61 million, a P/E ratio of -0.12 and a beta of 1.46.

Analyst Ratings Changes

A number of research firms have commented on BOXL. Alliance Global Partners cut shares of Boxlight from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. HC Wainwright restated a “buy” rating and issued a $5.00 price objective on shares of Boxlight in a report on Thursday, November 14th.

Hedge Funds Weigh In On Boxlight

An institutional investor recently bought a new position in Boxlight stock. Kazazian Asset Management LLC purchased a new position in shares of Boxlight Co. (NASDAQ:BOXL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned approximately 3.77% of Boxlight as of its most recent filing with the Securities & Exchange Commission. 6.49% of the stock is owned by institutional investors and hedge funds.

Boxlight Company Profile

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.