Short Interest in Blackboxstocks Inc. (NASDAQ:BLBX) Decreases By 35.6%

Posted by Oscar Bower on Nov 14th, 2024

Blackboxstocks Inc. (NASDAQ:BLBX – Get Free Report) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 14,300 shares, a drop of 35.6% from the October 15th total of 22,200 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 9,000 shares, the short-interest ratio is currently 1.6 days.

Institutional Investors Weigh In On Blackboxstocks

An institutional investor recently bought a new position in Blackboxstocks stock. Ackerman Capital Advisors LLC bought a new position in shares of Blackboxstocks Inc. (NASDAQ:BLBX – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 SEC filing. 3.58% of the stock is owned by institutional investors and hedge funds.

Blackboxstocks Price Performance

NASDAQ BLBX opened at $2.77 on Thursday. Blackboxstocks has a 12 month low of $1.60 and a 12 month high of $4.15. The firm has a market capitalization of $9.78 million, a PE ratio of -2.89 and a beta of 1.34. The company’s 50 day simple moving average is $2.62 and its 200 day simple moving average is $2.67.

Blackboxstocks (NASDAQ:BLBX – Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $0.69 million for the quarter. Blackboxstocks had a negative net margin of 108.37% and a negative return on equity of 44.90%.

About Blackboxstocks

(Get Free Report)

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.