Blackboxstocks, Inc. (NASDAQ:BLBX) Short Interest Down 56.9% in July

Blackboxstocks, Inc. (NASDAQ:BLBX) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 17,200 shares, adecreaseof56.9% from the July 15th total of 39,900 shares. Currently,1.0% of the shares of the stock are sold short. Based on an average trading volume of 87,400 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 87,400 shares, the short-interest ratio is currently 0.2 days. Currently,1.0% of the shares of the stock are sold short.

Blackboxstocks Trading Up 0.1%

Blackboxstocks stock opened at $6.78 on Tuesday. The stock has a market cap of $24.75 million, a PE ratio of -6.34 and a beta of 1.53. The stock has a 50-day moving average price of $6.88 and a 200 day moving average price of $4.61. Blackboxstocks has a 52 week low of $1.51 and a 52 week high of $9.50.

Blackboxstocks (NASDAQ:BLBX) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.35) EPS for the quarter. The company had revenue of $0.52 million for the quarter. Blackboxstocks had a negative return on equity of 70.34% and a negative net margin of 163.66%.

Institutional Trading of Blackboxstocks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLBX. Corient Private Wealth LLC purchased a new stake in Blackboxstocks in the 2nd quarter valued at about $62,000. GoalFusion Wealth Management LLC purchased a new stake in Blackboxstocks in the 2nd quarter valued at about $216,000. Finally, ELCO Management Co. LLC purchased a new stake in Blackboxstocks in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Blackboxstocks from a “hold” rating to a “sell” rating in a research note on Saturday.

Blackboxstocks Company Profile

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.