Box Inc Class A (NYSE:BOX) Can’t Be More Risky. Short Interest Increased

May 18, 2018 - By Migdalia James

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 8.71M shares in May as published by FINRA. Its up 34.3% from 6.49 million shares, reported previously. With 5.64M 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 3.11M 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. DA Davidson initiated Box, Inc. (NYSE:BOX) rating on Thursday, February 15. DA Davidson has “Buy” rating and $25.0 target. KeyBanc Capital Markets maintained Box, Inc. (NYSE:BOX) on Monday, May 14 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, November 30 report.

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

Box, Inc. (NYSE:BOX) Ratings Chart

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