Short Interest in Blackboxstocks Inc. (NASDAQ:BLBX) Grows By 287.3%

Blackboxstocks Inc. (NASDAQ:BLBXGet Rating) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 118,900 shares, an increase of 287.3% from the March 15th total of 30,700 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 513,300 shares, the days-to-cover ratio is presently 0.2 days.

A hedge fund recently bought a new stake in Blackboxstocks stock. Millennium Management LLC purchased a new position in Blackboxstocks Inc. (NASDAQ:BLBXGet Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 28,855 shares of the company’s stock, valued at approximately $103,000. Millennium Management LLC owned about 0.27% of Blackboxstocks at the end of the most recent reporting period.

BLBX opened at $3.56 on Friday. The stock has a 50-day moving average of $2.09. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.01. Blackboxstocks has a 1 year low of $1.49 and a 1 year high of $8.00.

Blackboxstocks (NASDAQ:BLBXGet Rating) last posted its quarterly earnings results on Thursday, March 31st. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.14). Sell-side analysts forecast that Blackboxstocks will post -0.07 earnings per share for the current fiscal year.

About Blackboxstocks (Get Rating)

Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. It offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. The company is headquartered in Dallas, Texas.

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