Short Interest in Boxlight Co. (NASDAQ:BOXL) Declines By 15.3%

Boxlight Co. (NASDAQ:BOXL) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 92,800 shares, a decline of 15.3% from the November 15th total of 109,600 shares. Based on an average trading volume of 64,900 shares, the short-interest ratio is currently 1.4 days. Approximately 1.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BOXL. Alliance Global Partners cut Boxlight from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. HC Wainwright reiterated a “buy” rating and set a $1.00 price objective on shares of Boxlight in a research note on Thursday, November 14th.

Boxlight Price Performance

NASDAQ:BOXL traded down $0.01 on Friday, reaching $0.43. The stock had a trading volume of 33,194 shares, compared to its average volume of 58,093. The company has a quick ratio of 1.08, a current ratio of 2.10 and a debt-to-equity ratio of 5.67. The company has a market capitalization of $4.23 million, a P/E ratio of -0.14 and a beta of 1.32. Boxlight has a 1-year low of $0.38 and a 1-year high of $1.12. The stock has a fifty day moving average price of $0.46 and a 200-day moving average price of $0.53.

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.