Short Interest in Blackboxstocks Inc. (NASDAQ:BLBX) Declines By 40.7%

Blackboxstocks Inc. (NASDAQ:BLBX) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 11,800 shares, a decrease of 40.7% from the May 31st total of 19,900 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.6% of the shares of the stock are short sold.

Blackboxstocks Stock Performance

BLBX traded down $0.11 on Friday, hitting $2.72. 13,465 shares of the company were exchanged, compared to its average volume of 18,054. The business’s fifty day moving average is $2.87 and its 200 day moving average is $2.80. Blackboxstocks has a fifty-two week low of $1.60 and a fifty-two week high of $4.15. The firm has a market capitalization of $8.77 million, a P/E ratio of -2.37 and a beta of 1.41.

Blackboxstocks (NASDAQ:BLBX) last issued its earnings results on Monday, April 1st. The company reported ($0.21) earnings per share for the quarter. Blackboxstocks had a negative return on equity of 48.30% and a negative net margin of 125.31%. The company had revenue of $0.78 million for the quarter.

Blackboxstocks Company Profile

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.