Short Interest in Boxlight Co. (NASDAQ:BOXL) Grows By 37.6%

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

Boxlight Stock Down 0.8 %

BOXL stock traded down $0.01 during midday trading on Friday, hitting $0.72. The stock had a trading volume of 20,284 shares, compared to its average volume of 27,196. Boxlight has a 52-week low of $0.49 and a 52-week high of $2.68. The business has a 50-day moving average of $0.64 and a two-hundred day moving average of $0.81. The company has a debt-to-equity ratio of 4.12, a current ratio of 2.17 and a quick ratio of 1.19.

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

Wall Street Analysts Forecast Growth

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

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.