GreenBox POS (NASDAQ:GBOX) Sees Large Decrease in Short Interest

GreenBox POS (NASDAQ:GBOXGet Rating) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 967,500 shares, a decline of 7.9% from the August 15th total of 1,050,000 shares. Based on an average daily trading volume, of 2,650,000 shares, the short-interest ratio is currently 0.4 days. Currently, 5.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On GreenBox POS

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers acquired a new position in shares of GreenBox POS during the 1st quarter worth $56,000. Traynor Capital Management Inc. bought a new stake in GreenBox POS during the 1st quarter worth $139,000. Virtu Financial LLC bought a new stake in GreenBox POS during the 2nd quarter worth $67,000. Invesco Ltd. grew its position in GreenBox POS by 37.9% during the 1st quarter. Invesco Ltd. now owns 102,145 shares of the company’s stock worth $431,000 after acquiring an additional 28,092 shares during the last quarter. Finally, CVI Holdings LLC bought a new stake in GreenBox POS during the 2nd quarter worth $109,000. Institutional investors and hedge funds own 8.86% of the company’s stock.

GreenBox POS Price Performance

GreenBox POS stock opened at $1.04 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.16 and a current ratio of 2.17. GreenBox POS has a 52 week low of $0.72 and a 52 week high of $10.00. The stock has a market capitalization of $46.75 million, a P/E ratio of -1.82 and a beta of 4.22. The stock has a fifty day moving average of $1.05 and a 200-day moving average of $2.13.

GreenBox POS (NASDAQ:GBOXGet Rating) last posted its quarterly earnings results on Monday, August 15th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). GreenBox POS had a negative return on equity of 47.50% and a negative net margin of 88.73%. The business had revenue of $6.97 million for the quarter, compared to analyst estimates of $4.94 million. On average, sell-side analysts expect that GreenBox POS will post -0.85 earnings per share for the current fiscal year.

GreenBox POS Company Profile

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GreenBox POS, a technology company, engages in the development, marketing, and sale of blockchain-based payment solutions. Its blockchain-based systems facilitate, record, and store a volume of tokenized assets, representing cash or data, on a blockchain-based ledger. The company's products include QuickCard Payment System, a physical and virtual cash management system, including software that facilitates deposits, cash, and e-wallet management; point of sale solutions comprising software and hardware; and Loopz software solution, a mobile delivery service operations management solution with automated dispatch functionality.

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