Short Interest in Boxlight Corporation (NASDAQ:BOXL) Grows By 50.6%

Boxlight Corporation (NASDAQ:BOXL) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 200,428 shares, a growth of 50.6% from the February 12th total of 133,068 shares. Approximately 22.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,504,739 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 4,504,739 shares, the days-to-cover ratio is presently 0.0 days. Approximately 22.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Scientech Research LLC purchased a new stake in Boxlight in the third quarter valued at approximately $33,000. Cary Street Partners Financial LLC purchased a new position in Boxlight in the 3rd quarter worth approximately $72,000. Kazazian Asset Management LLC purchased a new position in Boxlight in the 2nd quarter worth approximately $395,000. Finally, Anson Funds Management LP bought a new position in shares of Boxlight in the 3rd quarter worth $802,000. 6.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Boxlight Stock Up 0.8%

Boxlight stock opened at $1.30 on Monday. The stock has a market cap of $1.24 million, a price-to-earnings ratio of -0.02 and a beta of 0.93. The business has a 50-day simple moving average of $1.47 and a 200 day simple moving average of $6.03. Boxlight has a 52 week low of $1.19 and a 52 week high of $60.90.

About Boxlight

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.