Short Interest in Blackboxstocks, Inc. (NASDAQ:BLBX) Increases By 4,346.5%

Blackboxstocks, Inc. (NASDAQ:BLBX) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 191,200 shares, an increase of 4,346.5% from the September 30th total of 4,300 shares. Currently, 9.6% of the company’s stock are short sold. Based on an average daily trading volume, of 229,000 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 229,000 shares, the short-interest ratio is currently 0.8 days. Currently, 9.6% of the company’s stock are short sold.

Blackboxstocks Stock Performance

Shares of BLBX stock opened at $8.32 on Wednesday. Blackboxstocks has a fifty-two week low of $1.51 and a fifty-two week high of $17.75. The firm has a market capitalization of $34.46 million, a price-to-earnings ratio of -8.00 and a beta of 1.47. The stock’s 50-day simple moving average is $7.45 and its 200-day simple moving average is $6.09.

Blackboxstocks (NASDAQ:BLBX) last issued its quarterly earnings results on Thursday, October 16th. The company reported ($0.21) earnings per share for the quarter. Blackboxstocks had a negative return on equity of 83.85% and a negative net margin of 157.79%.The business had revenue of $0.70 million for the quarter.

Wall Street Analysts Forecast Growth

BLBX has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blackboxstocks in a research note on Wednesday, October 8th. Wall Street Zen upgraded Blackboxstocks from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Insider Buying and Selling at Blackboxstocks

In other news, Director Charles Keller Reid sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $9.24, for a total transaction of $46,200.00. Following the transaction, the director owned 16,298 shares in the company, valued at approximately $150,593.52. This trade represents a 23.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Charles Brandon Smith sold 9,167 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $9.08, for a total value of $83,236.36. Following the transaction, the chief technology officer owned 27,513 shares in the company, valued at approximately $249,818.04. This represents a 24.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 28.30% of the company’s stock.

Institutional Investors Weigh In On Blackboxstocks

A number of institutional investors and hedge funds have recently modified their holdings of the company. GoalFusion Wealth Management LLC acquired a new stake in shares of Blackboxstocks during the second quarter worth about $216,000. Corient Private Wealth LLC acquired a new stake in shares of Blackboxstocks during the second quarter worth about $62,000. Finally, ELCO Management Co. LLC acquired a new stake in shares of Blackboxstocks during the first quarter worth about $34,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.