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

Boxlight Co. (NASDAQ:BOXL) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 42,800 shares, a decline of 31.8% from the August 31st total of 62,800 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 35,400 shares, the short-interest ratio is currently 1.2 days.

Boxlight Stock Performance

Shares of NASDAQ:BOXL remained flat at $0.46 during midday trading on Friday. The stock had a trading volume of 106,314 shares, compared to its average volume of 53,730. The stock has a fifty day moving average of $0.49 and a 200 day moving average of $0.60. Boxlight has a 12 month low of $0.42 and a 12 month high of $2.01. The firm has a market capitalization of $4.54 million, a price-to-earnings ratio of -0.10 and a beta of 1.28. The company has a quick ratio of 1.23, a current ratio of 2.21 and a debt-to-equity ratio of 4.96.

Boxlight (NASDAQ:BOXL) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.19. The company had revenue of $38.51 million during the quarter, compared to analyst estimates of $44.51 million. Boxlight had a negative net margin of 26.81% and a negative return on equity of 111.63%. During the same quarter in the previous year, the business posted ($0.12) EPS. As a group, research analysts anticipate that Boxlight will post -1.26 earnings per share 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.