Blackboxstocks Inc. (NASDAQ:BLBX) Sees Significant Increase in Short Interest

Blackboxstocks Inc. (NASDAQ:BLBX) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 70,700 shares, an increase of 239.9% from the January 15th total of 20,800 shares. Based on an average daily volume of 3,900,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 3.9% of the shares of the company are sold short.

Blackboxstocks Price Performance

Blackboxstocks stock traded down $0.01 during trading hours on Thursday, hitting $3.22. 15,819 shares of the stock traded hands, compared to its average volume of 8,612,837. The firm’s 50 day moving average price is $2.57 and its 200-day moving average price is $2.56. The stock has a market capitalization of $11.40 million, a price-to-earnings ratio of -3.31 and a beta of 1.37. Blackboxstocks has a 1 year low of $1.51 and a 1 year high of $6.00.

Institutional Trading of Blackboxstocks

An institutional investor recently bought a new position in Blackboxstocks stock. Ackerman Capital Advisors LLC purchased a new stake in shares of Blackboxstocks Inc. (NASDAQ:BLBX) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned about 0.39% of Blackboxstocks as of its most recent filing with the SEC. Institutional investors own 3.58% of the company’s stock.

Blackboxstocks Company Profile

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.