Boxlight Co. (NASDAQ:BOXL) Short Interest Up 29.7% in April

Boxlight Co. (NASDAQ:BOXL) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 83,500 shares, an increase of 29.7% from the March 31st total of 64,400 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 51,100 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BOXL. 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 report on Thursday, March 14th. HC Wainwright decreased their target price on Boxlight from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Friday, March 15th.

Boxlight Stock Performance

Shares of BOXL opened at $0.53 on Friday. Boxlight has a 52 week low of $0.49 and a 52 week high of $3.09. The company has a quick ratio of 1.22, a current ratio of 2.17 and a debt-to-equity ratio of 2.34. The stock has a market cap of $5.19 million, a price-to-earnings ratio of -0.13 and a beta of 1.30. The business has a 50-day simple moving average of $0.71 and a two-hundred day simple moving average of $1.02.

Boxlight (NASDAQ:BOXL) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.63) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.03. Boxlight had a negative return on equity of 37.72% and a negative net margin of 22.16%. The business had revenue of $38.81 million for the quarter, compared to the consensus estimate of $36.48 million. During the same period in the previous year, the business earned ($0.24) earnings per share. On average, analysts expect that Boxlight will post -1.64 EPS for the current year.

Boxlight Company Profile

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.