What Next for Blue Apron Holdings Inc Class A (NYSE:APRN) Stock After Decrease in Shorted Shares?

September 16, 2018 - By Adrian Mccoy

The stock of Blue Apron Holdings Inc Class A (NYSE:APRN) registered a decrease of 11.2% in short interest. APRN’s total short interest was 17.31M shares in September as published by FINRA. Its down 11.2% from 19.49M shares, reported previously. With 1.87M shares average volume, it will take short sellers 9 days to cover their APRN’s short positions.

The stock decreased 2.14% or $0.04 during the last trading session, reaching $1.83. About 2.67M shares traded. Blue Apron Holdings, Inc. (NYSE:APRN) has declined 65.92% since September 16, 2017 and is downtrending. It has underperformed by 81.54% the S&P500.

Blue Apron Holdings, Inc. operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. The company has market cap of $352.28 million. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters. It currently has negative earnings. The firm also offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and sells beef, poultry, and lamb products under the BN Ranch brand name.

Another recent and important Blue Apron Holdings, Inc. (NYSE:APRN) news was published by Fool.com which published an article titled: “Target Takes Meal Kits to the Next Level” on September 05, 2018.

Blue Apron Holdings, Inc. (NYSE:APRN) Ratings Chart

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