Short Interest in Blackboxstocks, Inc. (NASDAQ:BLBX) Drops By 25.7%

Blackboxstocks, Inc. (NASDAQ:BLBX) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 180,054 shares, a drop of 25.7% from the December 31st total of 242,224 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average daily volume of 88,646 shares, the short-interest ratio is presently 2.0 days. Based on an average daily volume of 88,646 shares, the short-interest ratio is presently 2.0 days. Currently, 5.2% of the shares of the company are sold short.

Blackboxstocks Price Performance

Blackboxstocks stock traded down $0.44 during trading hours on Friday, hitting $11.20. The stock had a trading volume of 110,247 shares, compared to its average volume of 119,459. The stock has a market capitalization of $48.27 million, a price-to-earnings ratio of -10.77 and a beta of 1.55. Blackboxstocks has a 1-year low of $2.48 and a 1-year high of $17.75. The stock’s fifty day moving average is $9.28 and its two-hundred day moving average is $8.08.

Hedge Funds Weigh In On Blackboxstocks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLBX. Corient Private Wealth LLC purchased a new stake in shares of Blackboxstocks in the second quarter valued at about $62,000. Pekin Hardy Strauss Inc. acquired a new position in shares of Blackboxstocks during the 4th quarter worth approximately $81,000. Finally, Canton Hathaway LLC acquired a new stake in Blackboxstocks during the 4th quarter valued at $95,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLBX. Wall Street Zen raised Blackboxstocks from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Blackboxstocks in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Blackboxstocks Company Profile

Blackboxstocks, Inc (NASDAQ:BLBX) is a provider of real-time, cloud-based analytics and social networking platforms designed to empower active traders and investors with actionable market intelligence. The company’s flagship offering combines proprietary algorithms, pattern recognition and data analytics to deliver instant trade alerts, sentiment indicators and visual dashboards covering equities, options and cryptocurrency markets.

Founded in 2015 and headquartered in Dallas, Texas, Blackboxstocks operates primarily within U.S.