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

Blackboxstocks Inc. (NASDAQ:BLBXGet Free Report) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 32,600 shares, a decrease of 22.4% from the February 29th total of 42,000 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Blackboxstocks

Several hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Blackboxstocks by 286.2% during the 1st quarter. State Street Corp now owns 59,776 shares of the company’s stock worth $46,000 after buying an additional 44,300 shares during the last quarter. GoalFusion Wealth Management LLC acquired a new position in shares of Blackboxstocks during the 3rd quarter worth $101,000. Finally, Virtu Financial LLC acquired a new position in shares of Blackboxstocks during the 2nd quarter worth $29,000. 3.58% of the stock is owned by institutional investors and hedge funds.

Blackboxstocks Trading Down 1.2 %

Shares of BLBX opened at $2.52 on Monday. The firm has a market cap of $8.04 million, a PE ratio of -1.89 and a beta of 1.46. The company’s 50 day simple moving average is $2.73 and its 200-day simple moving average is $2.75. Blackboxstocks has a 12-month low of $1.60 and a 12-month high of $9.50.

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.

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