Short Interest in Blackboxstocks, Inc. (NASDAQ:BLBX) Drops By 83.8%

Key Points

• The short interest in Blackboxstocks, Inc. decreased by 83.8% in September, dropping from 26,600 shares to just 4,300 shares.
• Institutional investors now own 3.58% of Blackboxstocks, with new positions from several firms totaling over $300,000 in investments.
• Blackboxstocks' stock is currently trading down 20.3%, with a market cap of $40.52 million and a P/E ratio of -9.99.

Blackboxstocks, Inc. (NASDAQ:BLBX - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,300 shares, a decrease of 83.8% from the September 15th total of 26,600 shares. Approximately 0.2% of the company's stock are sold short. Based on an average trading volume of 71,400 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 71,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company's stock are sold short.

Institutional Investors Weigh In On Blackboxstocks

A number of institutional investors have recently modified their holdings of the stock. ELCO Management Co. LLC acquired a new position in Blackboxstocks in the first quarter worth about $34,000. Corient Private Wealth LLC bought a new position in Blackboxstocks during the 2nd quarter worth approximately $62,000. Finally, GoalFusion Wealth Management LLC bought a new position in Blackboxstocks during the 2nd quarter worth approximately $216,000. Institutional investors and hedge funds own 3.58% of the company's stock.

Blackboxstocks Trading Down 20.3%

Blackboxstocks stock opened at $10.69 on Friday. Blackboxstocks has a 52 week low of $1.51 and a 52 week high of $17.75. The stock has a market cap of $40.52 million, a P/E ratio of -9.99 and a beta of 1.47. The stock has a 50 day moving average of $7.02 and a 200-day moving average of $5.70.

Blackboxstocks (NASDAQ:BLBX - Get Free Report) last issued its quarterly earnings results on Thursday, October 16th. The company reported ($0.21) earnings per share (EPS) for the quarter. Blackboxstocks had a negative return on equity of 76.91% and a negative net margin of 163.66%.

Analyst Ratings Changes

BLBX has been the topic of a number of analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Blackboxstocks in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Blackboxstocks from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blackboxstocks has a consensus rating of "Sell".

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.

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