Boxlight Corporation (NASDAQ:BOXL) Sees Large Decline in Short Interest

Boxlight Corporation (NASDAQ:BOXL) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 141,952 shares, a drop of 29.2% from the February 26th total of 200,428 shares. Based on an average daily volume of 152,834 shares, the days-to-cover ratio is presently 0.9 days. Currently, 15.9% of the company’s stock are sold short.

Analysts Set New Price Targets

BOXL has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Boxlight from a “hold” rating to a “sell” rating in a research report on Saturday, December 27th. Weiss Ratings reissued 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 stock has an average rating of “Reduce”.

Institutional Investors Weigh In On Boxlight

Several hedge funds have recently added to or reduced their stakes in BOXL. Scientech Research LLC acquired a new position in shares of Boxlight in the 3rd quarter valued at about $33,000. Cary Street Partners Financial LLC purchased a new position in Boxlight during the third quarter valued at approximately $72,000. Finally, Anson Funds Management LP acquired a new position in Boxlight in the third quarter valued at approximately $802,000. 6.49% of the stock is owned by hedge funds and other institutional investors.

Boxlight Stock Performance

Shares of BOXL stock opened at $1.21 on Friday. Boxlight has a fifty-two week low of $0.95 and a fifty-two week high of $60.90. The firm has a market capitalization of $1.15 million, a PE ratio of -0.01 and a beta of 0.94. The stock’s 50-day simple moving average is $1.38 and its 200-day simple moving average is $5.43.

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.