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

Blackboxstocks Inc. (NASDAQ:BLBX) was the recipient of a significant increase in short interest in the month of 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. Based on an average trading volume of 9,300 shares, the short-interest ratio is currently 1.5 days. Currently, 0.8% of the company’s shares are sold short.

Blackboxstocks Price Performance

Shares of Blackboxstocks stock traded down $0.26 during trading hours on Tuesday, hitting $2.41. The company’s stock had a trading volume of 287,223 shares, compared to its average volume of 26,759. Blackboxstocks has a 12 month low of $1.51 and a 12 month high of $4.10. The company has a market capitalization of $8.53 million, a PE ratio of -2.48 and a beta of 1.25. The stock has a 50 day moving average of $2.55 and a 200 day moving average of $2.56.

Institutional Trading of Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. Ackerman Capital Advisors LLC bought a new stake in Blackboxstocks Inc. (NASDAQ:BLBX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.