Blackboxstocks Inc. (NASDAQ:BLBX) Short Interest Update

Blackboxstocks Inc. (NASDAQ:BLBX) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 184,100 shares, a growth of 1,224.5% from the December 31st total of 13,900 shares. Based on an average trading volume of 66,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 10.1% of the shares of the company are short sold.

Blackboxstocks Stock Performance

NASDAQ BLBX opened at $3.87 on Wednesday. The company has a 50-day simple moving average of $2.42 and a 200 day simple moving average of $2.50. Blackboxstocks has a 52-week low of $1.51 and a 52-week high of $6.00. The company has a market capitalization of $13.70 million, a PE ratio of -3.99 and a beta of 1.30.

Hedge Funds Weigh In On Blackboxstocks

An institutional investor recently bought a new position in Blackboxstocks stock. Ackerman Capital Advisors LLC acquired a new stake in shares of Blackboxstocks Inc. (NASDAQ:BLBX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,627 shares of the company’s stock, valued at approximately $32,000. Ackerman Capital Advisors LLC owned about 0.39% of Blackboxstocks as of its most recent SEC filing. Institutional investors and hedge funds own 3.58% of the company’s stock.

About Blackboxstocks

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.