Boxlight Co. (NASDAQ:BOXL) Sees Significant Drop in Short Interest

Boxlight Co. (NASDAQ:BOXL) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 72,500 shares, a drop of 10.0% from the December 15th total of 80,600 shares. Based on an average trading volume of 3,930,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.8% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BOXL. HC Wainwright reissued a “buy” rating and set a $1.00 target price on shares of Boxlight in a research note on Thursday, November 14th. Alliance Global Partners lowered Boxlight from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th.

Boxlight Stock Up 1.6 %

Boxlight stock traded up $0.01 during trading hours on Friday, hitting $0.91. The company had a trading volume of 282,969 shares, compared to its average volume of 12,527,543. The firm’s fifty day moving average is $0.53 and its 200-day moving average is $0.51. The firm has a market capitalization of $8.95 million, a P/E ratio of -0.29 and a beta of 1.35. Boxlight has a fifty-two week low of $0.30 and a fifty-two week high of $2.13. The company has a debt-to-equity ratio of 5.67, a current ratio of 2.10 and a quick ratio of 1.08.

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.