Blackboxstocks Inc. (NASDAQ:BLBX) Short Interest Down 35.6% in October

Blackboxstocks Inc. (NASDAQ:BLBX) was the target of a significant drop in short interest during the month of 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 short sold. Based on an average trading volume of 9,000 shares, the short-interest ratio is currently 1.6 days.

Blackboxstocks Trading Down 0.4 %

Shares of BLBX stock traded down $0.01 during trading hours on Friday, hitting $2.76. 4,402 shares of the company’s stock were exchanged, compared to its average volume of 13,993. Blackboxstocks has a 12-month low of $1.79 and a 12-month high of $4.15. The company has a market capitalization of $9.74 million, a PE ratio of -2.85 and a beta of 1.34. The business’s 50 day simple moving average is $2.65 and its 200-day simple moving average is $2.67.

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

Hedge Funds Weigh In On Blackboxstocks

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

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.