Blackboxstocks Inc. (NASDAQ:BLBX) Short Interest Down 23.8% in November

Blackboxstocks Inc. (NASDAQ:BLBX) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 10,900 shares, a decline of 23.8% from the October 31st total of 14,300 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. Ackerman Capital Advisors LLC bought a new position in Blackboxstocks Inc. (NASDAQ:BLBX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned 0.39% of Blackboxstocks as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.58% of the company’s stock.

Blackboxstocks Stock Performance

Blackboxstocks stock traded down $0.06 during mid-day trading on Friday, reaching $2.55. 3,645 shares of the company were exchanged, compared to its average volume of 13,638. The firm’s 50-day simple moving average is $2.74 and its two-hundred day simple moving average is $2.67. Blackboxstocks has a twelve month low of $1.79 and a twelve month high of $4.15. The firm has a market cap of $9.00 million, a PE ratio of -2.63 and a beta of 1.34.

About Blackboxstocks

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.