Blackboxstocks Inc. (NASDAQ:BLBX) Short Interest Up 19.8% in July

Blackboxstocks Inc. (NASDAQ:BLBX) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 10,900 shares, a growth of 19.8% from the July 15th total of 9,100 shares. Based on an average daily volume of 7,700 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the shares of the stock are sold short.

Blackboxstocks Stock Performance

NASDAQ:BLBX traded up $0.01 during mid-day trading on Friday, hitting $2.60. 1,637 shares of the company’s stock traded hands, compared to its average volume of 15,951. The firm’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $2.73. Blackboxstocks has a 1 year low of $1.60 and a 1 year high of $4.15. The company has a market cap of $8.40 million, a PE ratio of -2.28 and a beta of 1.35.

Blackboxstocks (NASDAQ:BLBX) last posted its earnings results on Wednesday, May 15th. The company reported ($0.27) earnings per share for the quarter. Blackboxstocks had a negative net margin of 125.31% and a negative return on equity of 48.30%. The business had revenue of $0.65 million for the quarter.

Insider Activity at Blackboxstocks

In related news, CEO Gust Kepler acquired 25,000 shares of Blackboxstocks stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average price of $4.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the chief executive officer now directly owns 598,210 shares of the company’s stock, valued at $2,392,840. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 30.10% of the company’s stock.

About Blackboxstocks

Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. It offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. The company is headquartered in Dallas, Texas.