Box Inc Class A (NYSE:BOX) Shorted Shares Increased By 34.3%

May 18, 2018 - By Lindsey Sherman

Box, Inc. (NYSE:BOX) Logo

The stock of Box Inc Class A (NYSE:BOX) registered an increase of 34.3% in short interest. BOX’s total short interest was 8.71 million shares in May as published by FINRA. Its up 34.3% from 6.49 million shares, reported previously. With 5.64 million shares average volume, it will take short sellers 2 days to cover their BOX’s short positions. The short interest to Box Inc Class A’s float is 8.58%.

The stock increased 0.11% or $0.03 during the last trading session, reaching $27.68. About 3.11 million shares traded. Box, Inc. (NYSE:BOX) has risen 24.74% since May 18, 2017 and is uptrending. It has outperformed by 13.19% the S&P500.

Box, Inc. provides cloud content management platform that enables organizations of various sizes to manage their enterprise content from anywhere. The company has market cap of $3.87 billion. The companyÂ’s platform enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features. It currently has negative earnings. Box, Inc. offers its solution in 22 languages.

Box, Inc. (NYSE:BOX) Ratings Coverage

Among 5 analysts covering Box Inc (NYSE:BOX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Box Inc had 5 analyst reports since November 30, 2017 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of BOX in report on Monday, May 14 with “Buy” rating. Canaccord Genuity maintained Box, Inc. (NYSE:BOX) rating on Thursday, November 30. Canaccord Genuity has “Buy” rating and $25.0 target. On Thursday, February 15 the stock rating was initiated by DA Davidson with “Buy”.

More news for Box, Inc. (NYSE:BOX) were recently published by: Finance.Yahoo.com, which released: “3 Rocket Stocks You Need to Take a Close Look at Right Now” on May 16, 2018. Seekingalpha.com‘s article titled: “Box: Refreshing The Bull Thesis” and published on April 30, 2018 is yet another important article.

Box, Inc. (NYSE:BOX) Ratings Chart

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