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

Blackboxstocks Inc. (NASDAQ:BLBX) 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:BLBX) 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:BLBX) 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.

About Blackboxstocks

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.