Blackboxstocks Inc. (NASDAQ:BLBX) Short Interest Up 239.9% in January

Blackboxstocks Inc. (NASDAQ:BLBX) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 70,700 shares, a growth 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 currently 0.0 days. Approximately 3.9% of the company’s shares are short sold.

Institutional Trading of Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. Ackerman Capital Advisors LLC bought a new position in Blackboxstocks Inc. (NASDAQ:BLBX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 3.58% of the company’s stock.

Blackboxstocks Stock Performance

Shares of NASDAQ:BLBX remained flat at $3.27 during midday trading on Friday. The stock had a trading volume of 56,737 shares, compared to its average volume of 8,330,358. The firm has a market cap of $11.58 million, a price-to-earnings ratio of -3.37 and a beta of 1.37. The company’s 50-day moving average is $2.58 and its 200 day moving average is $2.57. Blackboxstocks has a twelve month low of $1.51 and a twelve month 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.