Boxlight Co. (NASDAQ:BOXL) Sees Large Drop in Short Interest

Boxlight Co. (NASDAQ:BOXL) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 36,800 shares, a drop of 89.3% from the January 31st total of 344,300 shares. Based on an average daily volume of 850,900 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.0% of the company’s shares are short sold.

Institutional Trading of Boxlight

An institutional investor recently bought a new position in Boxlight stock. Kazazian Asset Management LLC bought a new position in Boxlight Co. (NASDAQ:BOXL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned about 3.77% of Boxlight at the end of the most recent quarter. Institutional investors and hedge funds own 6.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $5.00 price objective on shares of Boxlight in a report on Thursday, November 14th. Alliance Global Partners downgraded shares of Boxlight from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th.

Boxlight Stock Down 6.9 %

Shares of NASDAQ:BOXL traded down $0.14 on Thursday, reaching $1.88. The company had a trading volume of 50,121 shares, compared to its average volume of 1,444,506. Boxlight has a twelve month low of $1.52 and a twelve month high of $10.65. The stock has a 50-day moving average price of $3.32 and a 200 day moving average price of $2.64. The company has a quick ratio of 1.08, a current ratio of 2.10 and a debt-to-equity ratio of 5.67. The stock has a market capitalization of $3.71 million, a P/E ratio of -0.12 and a beta of 1.46.

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.