Boxlight Corporation (NASDAQ:BOXL) Short Interest Down 41.1% in December

Boxlight Corporation (NASDAQ:BOXL) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 150,415 shares, a drop of 41.1% from the December 15th total of 255,163 shares. Based on an average daily trading volume, of 374,954 shares, the short-interest ratio is currently 0.4 days. Approximately 16.9% of the shares of the company are sold short. Approximately 16.9% of the shares of the company are sold short. Based on an average daily trading volume, of 374,954 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Boxlight from a “hold” rating to a “sell” rating in a report on Saturday, December 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Boxlight in a research report on Friday, January 9th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Boxlight Stock Down 15.5%

Shares of NASDAQ BOXL opened at $1.42 on Thursday. The stock has a market cap of $1.35 million, a P/E ratio of -0.02 and a beta of 0.94. The firm’s 50-day simple moving average is $4.14 and its 200 day simple moving average is $9.27. Boxlight has a fifty-two week low of $1.19 and a fifty-two week high of $60.90.

Boxlight (NASDAQ:BOXL) last announced its earnings results on Friday, November 14th. The company reported ($11.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($7.26) by ($4.02). The company had revenue of $29.34 million for the quarter, compared to analysts’ expectations of $24.00 million.

Institutional Investors Weigh In On Boxlight

A number of institutional investors have recently added to or reduced their stakes in BOXL. Kazazian Asset Management LLC bought a new position in Boxlight during the 2nd quarter valued at $395,000. Cary Street Partners Financial LLC acquired a new position in Boxlight during the third quarter worth about $72,000. Anson Funds Management LP bought a new stake in Boxlight in the third quarter worth about $802,000. Finally, Scientech Research LLC acquired a new stake in Boxlight in the 3rd quarter valued at about $33,000. 6.49% of the stock is currently owned by institutional investors and hedge funds.

Boxlight Company Profile

Boxlight Corporation (NASDAQ: BOXL) is a technology company specializing in interactive display solutions and collaborative learning systems. The company designs, manufactures and distributes a range of hardware and software products aimed at enhancing engagement in educational and corporate environments. Boxlight’s portfolio includes interactive flat-panel displays, digital whiteboards, ultra-short-throw projectors and touch-enabled accessories that facilitate hands-on instruction and group collaboration.

Complementing its hardware offerings, Boxlight provides proprietary software platforms such as ClassFlow, which enable cloud-based lesson delivery, real-time assessment and content management.