Short Interest in Boxlight Co. (NASDAQ:BOXL) Increases By 20.9%

Boxlight Co. (NASDAQ:BOXL) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 198,800 shares, a growth of 20.9% from the October 15th total of 164,500 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average trading volume of 38,700 shares, the days-to-cover ratio is currently 5.1 days.

Hedge Funds Weigh In On Boxlight

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Boxlight by 7.2% in the 1st quarter. State Street Corp now owns 218,699 shares of the company’s stock worth $262,000 after acquiring an additional 14,621 shares during the last quarter. UBS Group AG purchased a new position in Boxlight in the 3rd quarter worth $30,000. Renaissance Technologies LLC raised its stake in Boxlight by 14.6% in the 4th quarter. Renaissance Technologies LLC now owns 210,600 shares of the company’s stock worth $65,000 after acquiring an additional 26,800 shares during the last quarter. Geode Capital Management LLC raised its stake in Boxlight by 18.1% in the 1st quarter. Geode Capital Management LLC now owns 533,912 shares of the company’s stock worth $204,000 after acquiring an additional 81,885 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Boxlight during the 3rd quarter worth about $69,000. Hedge funds and other institutional investors own 8.25% of the company’s stock.

Boxlight Stock Performance

Shares of BOXL stock opened at $1.12 on Thursday. The firm has a market capitalization of $10.76 million, a price-to-earnings ratio of -0.43 and a beta of 2.29. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.24 and a quick ratio of 1.35. The business has a fifty day moving average of $1.82 and a 200 day moving average of $2.14. Boxlight has a 1 year low of $1.09 and a 1 year high of $6.06.

Analysts Set New Price Targets

BOXL has been the topic of several recent research reports. Alliance Global Partners dropped their target price on Boxlight from $14.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. HC Wainwright decreased their price objective on Boxlight from $6.00 to $3.00 and set a “buy” rating for the company in a report on Monday. Finally, Maxim Group decreased their price objective on Boxlight from $12.00 to $9.00 and set a “buy” rating for the company in a report on Monday, August 14th.

About Boxlight

Boxlight Corporation develops, sells, and services interactive classroom technology products and solutions for the K-12 education market worldwide. The company provides interactive and non-interactive projectors and flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems under the Mimio and Clevertouch brands.