Box Incorporated (NYSE:BOX) Shorted Shares Decreased By 6.92%

September 17, 2017 - By reb123z

 Box Incorporated (NYSE:BOX) Shorted Shares Decreased By 6.92%

The stock of Box Incorporated (NYSE:BOX) registered a decrease of 6.92% in short interest. BOX’s total short interest was 5.30M shares in September as published by FINRA. Its down 6.92% from 5.70M shares, reported previously. With 1.46 million shares average volume, it will take short sellers 4 days to cover their BOX’s short positions.

It closed at $18.46 lastly. It is up 49.74% since September 17, 2016 and is uptrending. It has outperformed by 33.04% the S&P500.

Box, Inc. provides an enterprise content management platform that enables organizations of all sizes to manage enterprise content while allowing access and sharing of this content from anywhere, on any device. The company has market cap of $2.47 billion. With the Company’s Software-as-a-Service cloud platform, users can collaborate on content both internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security and compliance features to comply with internal policies and industry regulations. It currently has negative earnings. The Company’s platform enables people to view, share and collaborate on content, across various file formats and media types.

Box Inc (NYSE:BOX) Ratings Coverage

Among 15 analysts covering Box Inc (NYSE:BOX), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Box Inc had 29 analyst reports since July 27, 2015 according to SRatingsIntel. Morgan Stanley maintained Box Inc (NYSE:BOX) on Thursday, March 10 with “Equal-Weight” rating. The firm earned “Overweight” rating on Monday, July 27 by Pacific Crest. On Tuesday, December 22 the stock rating was initiated by JMP Securities with “Outperform”. As per Monday, July 3, the company rating was maintained by Stifel Nicolaus. The stock of Box Inc (NYSE:BOX) earned “Buy” rating by KeyBanc Capital Markets on Thursday, August 31. The company was upgraded on Friday, August 7 by Oppenheimer. On Friday, September 25 the stock rating was upgraded by Canaccord Genuity to “Buy”. The rating was initiated by Wells Fargo with “Outperform” on Wednesday, January 11. As per Thursday, June 1, the company rating was maintained by Oppenheimer. The firm earned “Overweight” rating on Thursday, June 1 by Mitsubishi UFJ Financial Group.

More notable recent Box Inc (NYSE:BOX) news were published by: Bizjournals.com which released: “Box no longer cash-flow positive, stock drops” on August 31, 2017, also Investorplace.com with their article: “3 Stocks to Watch on Thursday: Dollar General Corp. (DG), Box Inc (BOX) and …” published on August 31, 2017, Investorplace.com published: “Box Inc Continues to Enrich AI Platform, Partners With Google Cloud” on August 24, 2017. More interesting news about Box Inc (NYSE:BOX) were released by: Marketwatch.com and their article: “Box shares drop despite earnings beat” published on August 30, 2017 as well as Streetinsider.com‘s news article titled: “Box, Inc. (BOX) PT Raised to $24 at Mitsubishi UFJ” with publication date: August 31, 2017.

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