Boxlight Corporation (NASDAQ:BOXL) Shares Shorted: Short Interest Down 56.0% in September

Boxlight Corporation (NASDAQ:BOXL – Get Free Report) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 34,772 shares, a decline of 56.0% from the September 15th total of 79,080 shares. Approximately 4.9% of the company’s shares are sold short. Based on an average trading volume of 42,752 shares, the short-interest ratio is currently 0.8 days.

Boxlight Stock Performance

NASDAQ BOXL traded up $0.29 during trading hours on Wednesday, hitting $3.10. 8,524 shares of the company’s stock were exchanged, compared to its average volume of 925,131. The business’s 50 day moving average is $5.08 and its 200-day moving average is $5.13. Boxlight has a 12-month low of $2.59 and a 12-month high of $72.36. The firm has a market capitalization of $2.60 million, a P/E ratio of -0.04 and a beta of 0.91.

Boxlight (NASDAQ:BOXL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($20.16) by $20.50. The business had revenue of $25.92 million during the quarter, compared to analyst estimates of $30.85 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Boxlight in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Boxlight has a consensus rating of “Sell”.

Check Out Our Latest Analysis on Boxlight

Boxlight Company Profile

(Get Free Report)

Boxlight Corporation (NASDAQ: BOXL) is an educational technology company that provides hardware, software and services designed to support interactive learning and collaboration. Its solutions are used in classrooms, training environments and other presentation settings by schools, businesses and government organizations.

The company’s product portfolio includes interactive flat-panel displays, interactive projectors, classroom audio systems, cameras, document cameras, presentation equipment and related accessories.

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