Boxed, Inc. (NYSE:BOXD) Short Interest Update

Boxed, Inc. (NYSE:BOXDGet Rating) was the target of a large decline in short interest during the month of December. As of December 30th, there was short interest totalling 2,870,000 shares, a decline of 5.6% from the December 15th total of 3,040,000 shares. Based on an average trading volume of 1,340,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 5.7% of the shares of the company are short sold.

Institutional Investors Weigh In On Boxed

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of Boxed by 3,629.0% in the 1st quarter. Royal Bank of Canada now owns 3,729 shares of the company’s stock worth $38,000 after buying an additional 3,629 shares during the last quarter. Baker Ellis Asset Management LLC boosted its stake in Boxed by 53.6% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 18,340 shares of the company’s stock valued at $34,000 after purchasing an additional 6,400 shares during the last quarter. Bank of America Corp DE purchased a new stake in Boxed during the 1st quarter valued at $81,000. Citigroup Inc. bought a new position in shares of Boxed during the 1st quarter valued at $102,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in shares of Boxed during the 2nd quarter valued at $30,000. Institutional investors own 35.50% of the company’s stock.

Boxed Price Performance

Shares of BOXD opened at $0.47 on Monday. The firm has a market cap of $34.36 million, a PE ratio of -0.16 and a beta of 1.48. The stock’s fifty day moving average price is $0.39 and its two-hundred day moving average price is $0.91. Boxed has a 1 year low of $0.18 and a 1 year high of $12.45.

Boxed (NYSE:BOXDGet Rating) last posted its earnings results on Wednesday, November 9th. The company reported ($0.37) EPS for the quarter. The company had revenue of $41.65 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BOXD shares. Wells Fargo & Company reduced their target price on Boxed from $5.00 to $2.00 and set an “overweight” rating on the stock in a report on Monday, November 14th. DA Davidson decreased their price target on Boxed to $4.00 in a research note on Thursday, December 1st. Finally, Citigroup decreased their target price on Boxed from $2.00 to $0.70 and set a “neutral” rating for the company in a research note on Monday, November 14th.

Boxed Company Profile

(Get Rating)

Boxed, Inc operates as an e-commerce retailer and an e-commerce enabler in the continental United States. The company through its e-commerce retail service provides branded and private labelled bulk pantry consumables, such as paper products, snacks, beverages, cleaning supplies, etc. to B2C and B2B customers, vendors, and enterprise retailers, as well as household customers.

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