Boxlight Co. (NASDAQ:BOXL) Sees Significant Increase in Short Interest

Boxlight Co. (NASDAQ:BOXL) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 83,500 shares, an increase of 29.7% from the March 31st total of 64,400 shares. Based on an average daily volume of 51,100 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

BOXL has been the topic of several research analyst reports. Alliance Global Partners lowered their price target on shares of Boxlight from $4.50 to $2.50 and set a “buy” rating on the stock in a report on Thursday, March 14th. HC Wainwright lowered their target price on Boxlight from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Friday, March 15th.

Boxlight Stock Performance

NASDAQ:BOXL opened at $0.53 on Friday. The firm has a market capitalization of $5.19 million, a PE ratio of -0.13 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.22 and a debt-to-equity ratio of 2.34. Boxlight has a 1 year low of $0.49 and a 1 year high of $3.09. The firm’s fifty day simple moving average is $0.71 and its 200 day simple moving average is $1.02.

Boxlight (NASDAQ:BOXL) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.03. The business had revenue of $38.81 million for the quarter, compared to analyst estimates of $36.48 million. Boxlight had a negative return on equity of 37.72% and a negative net margin of 22.16%. During the same period in the previous year, the company posted ($0.24) earnings per share. On average, sell-side analysts anticipate that Boxlight will post -1.64 EPS for the current year.

Boxlight Company Profile

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.