Short Interest Worth Mentioning: How Analysts Feel About Box Incorporated (NYSE:BOX) After Decrease in Sellers?

November 28, 2016 - By Louis Casey   ·   0 Comments

Short Interest Worth Mentioning: How Analysts Feel About Box Incorporated (NYSE:BOX) After Decrease in Sellers?

The stock of Box Incorporated (NYSE:BOX) registered a decrease of 2.68% in short interest. BOX’s total short interest was 7.12 million shares in November as published by FINRA. Its down 2.68% from 7.31M shares, reported previously. With 602,000 shares average volume, it will take short sellers 12 days to cover their BOX’s short positions. The short interest to Box Incorporated’s float is 14.96%. The stock decreased 0.84% or $0.13 on November 25, hitting $15.34. Box Inc (NYSE:BOX) has risen 16.30% since April 25, 2016 and is uptrending. It has outperformed by 10.29% 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 a market cap of $1.94 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

Out of 10 analysts covering Box Inc (NYSE:BOX), 7 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 70% are positive. Box Inc has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Tuesday, November 24, the company rating was upgraded by Bank of America. The company was initiated on Tuesday, December 22 by JMP Securities. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, March 10. The stock has “Outperform” rating given by Oppenheimer on Friday, August 7. Mitsubishi UFJ initiated Box Inc (NYSE:BOX) on Friday, September 16 with “Neutral” rating. As per Monday, July 27, the company rating was upgraded by Pacific Crest. Canaccord Genuity maintained Box Inc (NYSE:BOX) on Thursday, September 10 with “Hold” rating. The firm has “Outperform” rating by Credit Suisse given on Tuesday, January 19. JP Morgan upgraded it to “Overweight” rating and $18 target price in Friday, October 16 report. The rating was initiated by Rosenblatt with “Buy” on Monday, September 26.

BOX Company Profile

Box, Inc., incorporated on March 11, 2008, 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. With the Company’s Software-as-a-Service (SaaS) 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. The Company’s platform enables people to view, share and collaborate on content, across various file formats and media types. The software integrates with enterprise business applications, and is compatible with various application environments, operating systems and devices, ensuring that workers have access to their business content. It offers individuals a free basic version of the Box platform that allows them to experience its solution.

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By Louis Casey


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