BOXABL Inc. (NASDAQ:BXBL) Short Interest Update

BOXABL Inc. (NASDAQ:BXBL) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 435,619 shares, a growth of 60.9% from the July 15th total of 270,787 shares. Based on an average daily trading volume, of 888,029 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Trading of BOXABL

Hedge funds have recently modified their holdings of the business. Glazer Capital LLC acquired a new stake in shares of BOXABL in the second quarter worth $106,000. Flow Traders U.S. LLC purchased a new stake in BOXABL in the 2nd quarter worth about $115,000. Crossingbridge Advisors LLC boosted its position in BOXABL by 148.8% during the 4th quarter. Crossingbridge Advisors LLC now owns 60,904 shares of the modular housing company’s stock worth $610,000 after acquiring an additional 36,424 shares during the period. Berkley W R Corp acquired a new stake in BOXABL during the 2nd quarter worth about $634,000. Finally, SkyView Investment Advisors LLC purchased a new position in BOXABL during the 2nd quarter valued at about $789,000.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of BOXABL in a research report on Friday, May 29th. Wall Street Zen upgraded shares of BOXABL from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

BOXABL Trading Up 0.3%

BXBL stock traded up $0.01 during mid-day trading on Wednesday, reaching $4.09. 71,497 shares of the stock traded hands, compared to its average volume of 169,342. BOXABL has a 52-week low of $3.18 and a 52-week high of $15.14. The firm has a market capitalization of $988.18 million, a PE ratio of 410.30 and a beta of 0.46.

About BOXABL

BOXABL Inc develops factory-built modular building systems designed to reduce the time, labor and transportation costs associated with traditional construction. The company’s patented folding technology allows its room-sized building modules to fit within standard highway, rail and shipping dimensions before being transported and unfolded at the installation site.

BOXABL’s flagship product is the Casita, a 361-square-foot studio unit equipped with a full kitchen, bathroom, living area and utility connections.