Blackboxstocks Inc. (NASDAQ:BLBX) Sees Significant Increase in Short Interest

Blackboxstocks Inc. (NASDAQ:BLBX) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 13,900 shares, an increase of 24.1% from the November 30th total of 11,200 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 1.5 days.

Blackboxstocks Stock Performance

NASDAQ BLBX traded down $0.06 during trading hours on Friday, hitting $1.67. The company had a trading volume of 15,741 shares, compared to its average volume of 13,399. The firm has a market capitalization of $5.91 million, a price-to-earnings ratio of -1.72 and a beta of 1.25. Blackboxstocks has a 52 week low of $1.51 and a 52 week high of $3.45. The firm has a 50 day simple moving average of $2.56 and a 200 day simple moving average of $2.56.

Hedge Funds Weigh In On 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 filing with the SEC. The institutional investor bought 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned approximately 0.39% of Blackboxstocks at the end of the most recent reporting period. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

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.