Blackboxstocks, Inc. (NASDAQ:BLBX) Short Interest Update

by · The Cerbat Gem

Blackboxstocks, Inc. (NASDAQ:BLBXGet Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 255,115 shares, a growth of 62.7% from the November 30th total of 156,815 shares. Based on an average daily trading volume, of 187,596 shares, the days-to-cover ratio is presently 1.4 days. Approximately 7.4% of the shares of the stock are short sold. Approximately 7.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 187,596 shares, the days-to-cover ratio is presently 1.4 days.

Analysts Set New Price Targets

Several research firms recently commented on BLBX. Wall Street Zen raised Blackboxstocks from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blackboxstocks in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Get Our Latest Analysis on Blackboxstocks

Insider Transactions at Blackboxstocks

In other news, Director Charles Keller Reid sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $9.24, for a total value of $46,200.00. Following the transaction, the director directly owned 16,298 shares of the company’s stock, valued at approximately $150,593.52. This trade represents a 23.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Charles Brandon Smith sold 9,167 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $9.08, for a total transaction of $83,236.36. Following the transaction, the chief technology officer owned 27,513 shares in the company, valued at $249,818.04. The trade was a 24.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 20.10% of the stock is owned by corporate insiders.

Institutional Trading of Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. Corient Private Wealth LLC bought a new position in shares of Blackboxstocks, Inc. (NASDAQ:BLBXFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,531 shares of the company’s stock, valued at approximately $62,000. Corient Private Wealth LLC owned 0.29% of Blackboxstocks at the end of the most recent reporting period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Blackboxstocks Stock Performance

BLBX opened at $8.09 on Tuesday. The stock has a market capitalization of $34.87 million, a PE ratio of -7.78 and a beta of 1.56. Blackboxstocks has a one year low of $1.61 and a one year high of $17.75. The business’s 50 day moving average price is $7.99 and its 200 day moving average price is $7.41.

Blackboxstocks Company Profile

(Get Free Report)

Blackboxstocks, Inc (NASDAQ:BLBX) is a provider of real-time, cloud-based analytics and social networking platforms designed to empower active traders and investors with actionable market intelligence. The company’s flagship offering combines proprietary algorithms, pattern recognition and data analytics to deliver instant trade alerts, sentiment indicators and visual dashboards covering equities, options and cryptocurrency markets.

Founded in 2015 and headquartered in Dallas, Texas, Blackboxstocks operates primarily within U.S.

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