Blackboxstocks Inc. (NASDAQ:BLBX) Sees Large Drop in Short Interest

Blackboxstocks Inc. (NASDAQ:BLBX) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 10,900 shares, a drop of 23.8% from the October 31st total of 14,300 shares. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is presently 1.2 days. Approximately 0.6% of the shares of the stock are short sold.

Blackboxstocks Stock Down 2.3 %

Shares of Blackboxstocks stock traded down $0.06 on Friday, hitting $2.55. The company’s stock had a trading volume of 3,645 shares, compared to its average volume of 13,638. The company has a market capitalization of $9.00 million, a P/E ratio of -2.63 and a beta of 1.34. The firm has a fifty day moving average price of $2.74 and a 200-day moving average price of $2.67. Blackboxstocks has a 52-week low of $1.79 and a 52-week high of $4.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Blackboxstocks stock. Ackerman Capital Advisors LLC bought a new position in shares of Blackboxstocks Inc. (NASDAQ:BLBX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission. 3.58% of the stock is currently owned by 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.