Short Interest in Blackboxstocks Inc. (NASDAQ:BLBX) Declines By 40.7%

Blackboxstocks Inc. (NASDAQ:BLBX) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 11,800 shares, a drop of 40.7% from the May 31st total of 19,900 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is currently 2.0 days.

Blackboxstocks Stock Performance

Shares of Blackboxstocks stock traded down $0.11 during trading hours on Friday, reaching $2.72. The company’s stock had a trading volume of 13,465 shares, compared to its average volume of 18,054. The company’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $2.80. Blackboxstocks has a one year low of $1.60 and a one year high of $4.15. The stock has a market cap of $8.77 million, a P/E ratio of -2.37 and a beta of 1.41.

Blackboxstocks (NASDAQ:BLBX) last posted its quarterly earnings results on Monday, April 1st. The company reported ($0.21) earnings per share (EPS) for the quarter. Blackboxstocks had a negative return on equity of 48.30% and a negative net margin of 125.31%. The business had revenue of $0.78 million during the quarter.

Blackboxstocks Company Profile

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.