Short Interest in Boxlight Co. (NASDAQ:BOXL) Expands By 106.8%

Boxlight Co. (NASDAQ:BOXL) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 109,600 shares, a growth of 106.8% from the October 31st total of 53,000 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 56,900 shares, the short-interest ratio is currently 1.9 days.

Analyst Ratings Changes

BOXL has been the subject of several analyst reports. HC Wainwright restated a “buy” rating and issued a $1.00 target price on shares of Boxlight in a research note on Thursday, November 14th. Alliance Global Partners cut shares of Boxlight from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th.

Boxlight Stock Up 1.6 %

BOXL stock traded up $0.01 during midday trading on Thursday, hitting $0.45. 29,251 shares of the company’s stock were exchanged, compared to its average volume of 56,789. The stock has a market capitalization of $4.45 million, a price-to-earnings ratio of -0.14 and a beta of 1.32. The company has a current ratio of 2.10, a quick ratio of 1.08 and a debt-to-equity ratio of 5.67. The firm has a 50 day moving average price of $0.47 and a 200-day moving average price of $0.55. Boxlight has a 12-month low of $0.39 and a 12-month high of $1.13.

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.