Short Interest in Blackboxstocks Inc. (NASDAQ:BLBX) Declines By 35.6%

Blackboxstocks Inc. (NASDAQ:BLBX) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 14,300 shares, a decline of 35.6% from the October 15th total of 22,200 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 9,000 shares, the short-interest ratio is presently 1.6 days.

Blackboxstocks Stock Down 0.4 %

Blackboxstocks stock traded down $0.01 during midday trading on Friday, reaching $2.76. The stock had a trading volume of 4,402 shares, compared to its average volume of 13,993. Blackboxstocks has a 12 month low of $1.79 and a 12 month high of $4.15. The firm’s 50-day moving average price is $2.65 and its 200 day moving average price is $2.67. The firm has a market capitalization of $9.74 million, a PE ratio of -2.85 and a beta of 1.34.

Blackboxstocks (NASDAQ:BLBX) last announced its quarterly earnings data on Thursday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter. Blackboxstocks had a negative net margin of 108.37% and a negative return on equity of 44.90%. The firm had revenue of $0.69 million during the quarter.

Institutional Investors Weigh In On Blackboxstocks

An institutional investor recently bought a new position in Blackboxstocks stock. Ackerman Capital Advisors LLC bought a new stake in shares of Blackboxstocks Inc. (NASDAQ:BLBX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned approximately 0.39% of Blackboxstocks as of its most recent SEC filing. 3.58% of the stock is owned by institutional investors.

Blackboxstocks Company Profile

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