Short Interest in Boxlight Co. (NASDAQ:BOXL) Rises By 81.6%

Boxlight Co. (NASDAQ:BOXL – Get Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 535,800 shares, an increase of 81.6% from the April 30th total of 295,000 shares. Based on an average daily volume of 487,400 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. HC Wainwright decreased their price target on Boxlight from $3.00 to $2.00 and set a “buy” rating for the company in a research note on Thursday, March 16th. Alliance Global Partners decreased their price target on Boxlight from $2.50 to $1.75 in a research note on Thursday, March 16th.

Boxlight Price Performance

Shares of BOXL traded up $0.02 during trading hours on Friday, hitting $0.28. 258,420 shares of the company were exchanged, compared to its average volume of 802,077. The company has a market capitalization of $21.03 million, a PE ratio of -7.00 and a beta of 2.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.75 and a quick ratio of 1.48. The firm has a fifty day simple moving average of $0.35 and a 200-day simple moving average of $0.40. Boxlight has a one year low of $0.25 and a one year high of $0.90.

Boxlight (NASDAQ:BOXL – Get Rating) last released its quarterly earnings data on Wednesday, March 15th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $42.80 million during the quarter, compared to analyst estimates of $48.07 million. Boxlight had a negative return on equity of 7.82% and a negative net margin of 0.99%. As a group, sell-side analysts predict that Boxlight will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Boxlight

Several large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Boxlight by 7.2% during the 1st quarter. State Street Corp now owns 218,699 shares of the company’s stock worth $262,000 after acquiring an additional 14,621 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Boxlight by 14.6% during the fourth quarter. Renaissance Technologies LLC now owns 210,600 shares of the company’s stock valued at $65,000 after buying an additional 26,800 shares in the last quarter. UBS Group AG grew its holdings in shares of Boxlight by 453.5% during the third quarter. UBS Group AG now owns 46,600 shares of the company’s stock valued at $29,000 after buying an additional 38,181 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Boxlight by 18.1% during the first quarter. Geode Capital Management LLC now owns 533,912 shares of the company’s stock valued at $204,000 after buying an additional 81,885 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Boxlight during the third quarter valued at $69,000. 16.36% of the stock is owned by institutional investors.

Boxlight Company Profile

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Boxlight Corp. is a technology company, which engages in developing, selling, and providing interactive classroom solutions for the global education market. It also designs, manufactures, and distributes interactive projectors, flat panel displays, touch projectors, touch boards, and MimioTeach through the Boxlight Group and Genesis brands.