Short Interest in Blackboxstocks Inc. (NASDAQ:BLBX) Expands By 1,224.5%

Blackboxstocks Inc. (NASDAQ:BLBX) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 184,100 shares, an increase of 1,224.5% from the December 31st total of 13,900 shares. Based on an average trading volume of 66,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 10.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Blackboxstocks

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

Blackboxstocks Stock Performance

BLBX stock opened at $4.08 on Thursday. The business’s 50-day moving average is $2.45 and its two-hundred day moving average is $2.51. The company has a market cap of $14.44 million, a price-to-earnings ratio of -4.21 and a beta of 1.30. Blackboxstocks has a fifty-two week low of $1.51 and a fifty-two week high of $6.00.

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.