Boxlight Corporation (NASDAQ:BOXL) Short Interest Update

Boxlight Corporation (NASDAQ:BOXL) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 32,047 shares, a decrease of 60.8% from the June 30th total of 81,758 shares. Currently, 5.5% of the company’s shares are sold short. Based on an average daily trading volume, of 32,951 shares, the short-interest ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Boxlight

A hedge fund recently bought a new position in Boxlight stock. Scientech Research LLC purchased a new stake in Boxlight Corporation (NASDAQ:BOXL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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. Institutional investors own 6.49% of the company’s stock.

Boxlight Price Performance

Boxlight stock opened at $2.87 on Wednesday. The stock has a market capitalization of $1.98 million, a price-to-earnings ratio of -0.02 and a beta of 0.77. Boxlight has a 52-week low of $2.92 and a 52-week high of $365.40. The stock’s 50 day moving average price is $4.42 and its two-hundred day moving average price is $6.50. The company has a debt-to-equity ratio of 26.20, a quick ratio of 0.72 and a current ratio of 1.63.

Boxlight (NASDAQ:BOXL) last announced its quarterly earnings data on Friday, May 15th. The company reported ($2.25) EPS for the quarter, topping the consensus estimate of ($39.06) by $36.81. The company had revenue of $22.44 million for the quarter, compared to analyst estimates of $22.42 million.

About Boxlight

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.