Boxlight Corporation (NASDAQ:BOXL) Short Interest Up 624.7% in August

Boxlight Corporation (NASDAQ:BOXL) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 191,687 shares, a growth of 624.7% from the July 30th total of 26,450 shares. Based on an average daily trading volume, of 7,646,649 shares, the days-to-cover ratio is presently 0.0 days. Approximately 34.0% of the shares of the stock are sold short.

Boxlight Stock Up 18.6%

Shares of BOXL opened at $6.49 on Wednesday. The company has a debt-to-equity ratio of 26.20, a current ratio of 0.94 and a quick ratio of 0.44. The stock has a market capitalization of $4.35 million, a price-to-earnings ratio of -0.08 and a beta of 0.81. Boxlight has a 1 year low of $2.59 and a 1 year high of $365.40. The business’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $5.91.

Boxlight (NASDAQ:BOXL) last posted its earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of ($20.16) by $20.50. The business had revenue of $25.92 million during the quarter, compared to analysts’ expectations of $30.85 million.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BOXL shares. Wall Street Zen raised shares of Boxlight from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (e+)” rating on shares of Boxlight in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Boxlight currently has a consensus rating of “Sell”.

Institutional Trading of Boxlight

An institutional investor recently bought a new position in Boxlight stock. Scientech Research LLC bought a new stake in shares of Boxlight Corporation (NASDAQ:BOXL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,829 shares of the company’s stock, valued at approximately $33,000. Scientech Research LLC owned approximately 0.52% of Boxlight at the end of the most recent quarter. 6.49% of the stock is currently owned by institutional investors and hedge funds.

Boxlight Company Profile

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.