Boxlight Co. (NASDAQ:BOXL) Short Interest Up 37.6% in May

Boxlight Co. (NASDAQ:BOXL) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 49,400 shares, an increase of 37.6% from the May 15th total of 35,900 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 83,000 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. HC Wainwright restated a “buy” rating and set a $2.00 price target on shares of Boxlight in a report on Thursday, May 9th. Alliance Global Partners lowered their target price on Boxlight from $4.50 to $2.50 and set a “buy” rating for the company in a research report on Thursday, March 14th.

Boxlight Trading Down 0.8 %

Boxlight stock traded down $0.01 during mid-day trading on Friday, hitting $0.72. 20,284 shares of the stock were exchanged, compared to its average volume of 27,196. The stock has a market capitalization of $7.04 million, a price-to-earnings ratio of -0.15 and a beta of 1.32. Boxlight has a 12 month low of $0.49 and a 12 month high of $2.68. The company has a quick ratio of 1.19, a current ratio of 2.17 and a debt-to-equity ratio of 4.12. The firm’s fifty day simple moving average is $0.64 and its two-hundred day simple moving average is $0.81.

Boxlight (NASDAQ:BOXL) last announced its earnings results on Wednesday, May 8th. The company reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $0.27. The business had revenue of $37.09 million during the quarter, compared to the consensus estimate of $34.04 million. Boxlight had a negative net margin of 25.10% and a negative return on equity of 64.01%. Analysts forecast that Boxlight will post -1.35 EPS for the current year.

About Boxlight

Boxlight Corporation designs, produces, and distributes interactive technology solutions for the education, health, corporate, military, and government sectors in the Americas, Europe, the Middle East, Africa, and internationally. The company provides interactive and non-interactive flat panel displays and whiteboards, LED video walls, digital signages, classroom audio and campus communication, cameras and other peripherals, and media players; and accessory document cameras, teacher pads for remote control, assessment systems, and front-of-class display products under the Mimio and Clevertouch brands.