Blackboxstocks Inc. (NASDAQ:BLBX) Sees Significant Decrease in Short Interest

Blackboxstocks Inc. (NASDAQ:BLBXGet Free Report) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 7,500 shares, a decline of 63.9% from the May 15th total of 20,800 shares. Based on an average daily volume of 104,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.5% of the company’s stock are sold short.

Blackboxstocks Stock Performance

NASDAQ:BLBX opened at $5.17 on Friday. The stock has a 50-day simple moving average of $3.60 and a 200-day simple moving average of $3.14. The stock has a market cap of $18.78 million, a P/E ratio of -5.33 and a beta of 1.30. Blackboxstocks has a 1 year low of $1.51 and a 1 year high of $6.00.

Blackboxstocks (NASDAQ:BLBXGet Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.23) earnings per share (EPS) for the quarter. Blackboxstocks had a negative return on equity of 49.32% and a negative net margin of 115.49%.

Institutional Trading of Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. ELCO Management Co. LLC acquired a new stake in shares of Blackboxstocks Inc. (NASDAQ:BLBXFree Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $34,000. ELCO Management Co. LLC owned about 0.28% of Blackboxstocks as of its most recent SEC filing. Institutional investors and hedge funds own 3.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Blackboxstocks from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

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About Blackboxstocks

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

Further Reading

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