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

Boxlight Co. (NASDAQ:BOXL) was the target of a large drop in short interest in 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 presently 0.0 days. Currently, 2.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BOXL. HC Wainwright reaffirmed a “buy” rating and set a $5.00 price target on shares of Boxlight in a report on Thursday, November 14th. Alliance Global Partners downgraded Boxlight from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th.

Institutional Investors Weigh In On Boxlight

A hedge fund recently bought a new stake in Boxlight stock. Kazazian Asset Management LLC bought a new stake in Boxlight Co. (NASDAQ:BOXL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 371,805 shares of the company’s stock, valued at approximately $142,000. Kazazian Asset Management LLC owned approximately 3.77% of Boxlight as of its most recent filing with the Securities & Exchange Commission. 6.49% of the stock is owned by institutional investors.

Boxlight Stock Performance

Shares of Boxlight stock traded down $0.07 on Friday, hitting $1.82. 26,500 shares of the company’s stock were exchanged, compared to its average volume of 229,364. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.08 and a current ratio of 2.10. The stock has a market capitalization of $3.58 million, a PE ratio of -0.12 and a beta of 1.46. Boxlight has a 1 year low of $1.52 and a 1 year high of $10.65. The company has a 50-day simple moving average of $3.32 and a 200-day simple moving average of $2.64.

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.