APRN - Blue Apron bounces back into NYSE compliance territory

Heavily-shorted direct to consumer meal provider Blue Apron ( NYSE: APRN ) extended stark gains on Friday, flying back above the $1 mark.

Shares of the New York-based company rose 29% at Friday’s market open, adding to about a 43% jump in the month prior from a 52-week low of $0.61. The bounce also importantly brings the market cap above $50M and the stock price above $1, two problems that had handed the company a NYSE non-compliance notice in late December .

Short interest in the name remains elevated, charting at 44.15% of its float, according to Seeking Alpha data.

Dig into the company’s valuation .

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