Blackboxstocks Inc. (NASDAQ:BLBX) Short Interest Down 16.1% in July

Blackboxstocks Inc. (NASDAQ:BLBX – Get Rating) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 198,500 shares, a decrease of 16.1% from the June 30th total of 236,700 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 592,100 shares, the days-to-cover ratio is currently 0.3 days.

Blackboxstocks Stock Performance

BLBX opened at $1.38 on Wednesday. Blackboxstocks has a twelve month low of $1.05 and a twelve month high of $8.00. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $1.39 and its 200-day moving average is $2.04.

Blackboxstocks (NASDAQ:BLBX – Get Rating) last posted its quarterly earnings data on Monday, May 16th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The company had revenue of $1.27 million for the quarter, compared to analyst estimates of $1.91 million. Equities research analysts expect that Blackboxstocks will post -0.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ray Balestri bought 55,000 shares of the firm’s stock in a transaction on Wednesday, June 15th. The stock was bought at an average cost of $1.22 per share, for a total transaction of $67,100.00. Following the completion of the purchase, the director now directly owns 109,000 shares in the company, valued at approximately $132,980. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 75,479 shares of company stock valued at $94,951 over the last quarter.

Institutional Trading of Blackboxstocks

An institutional investor recently bought a new position in Blackboxstocks stock. Ackerman Capital Advisors LLC acquired a new position in shares of Blackboxstocks Inc. (NASDAQ:BLBX – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 47,358 shares of the company’s stock, valued at approximately $169,000. Ackerman Capital Advisors LLC owned approximately 0.45% of Blackboxstocks as of its most recent SEC filing. 0.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets started coverage on Blackboxstocks in a research note on Monday, June 27th. They issued a “buy” rating and a $6.00 target price on the stock.

About Blackboxstocks

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Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. It offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. The company is headquartered in Dallas, Texas.