Boxlight Co. (NASDAQ:BOXL) Sees Large Decrease in Short Interest

Boxlight Co. (NASDAQ:BOXL) saw a significant drop in short interest during the month of 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. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 3,930,000 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

BOXL has been the subject of a number of research analyst reports. Alliance Global Partners lowered shares of Boxlight from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. HC Wainwright reissued a “buy” rating and set a $1.00 price objective on shares of Boxlight in a research report on Thursday, November 14th.

Boxlight Stock Performance

Shares of BOXL traded up $0.01 during trading hours on Friday, reaching $0.91. 282,969 shares of the company traded hands, compared to its average volume of 12,527,543. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.08 and a current ratio of 2.10. The stock’s fifty day moving average is $0.53 and its 200 day moving average is $0.51. Boxlight has a 1-year low of $0.30 and a 1-year high of $2.13. The stock has a market cap of $8.95 million, a P/E ratio of -0.29 and a beta of 1.35.

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.