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Snap and Blue Apron stock rally does not appear to be short covering

Though Snap Inc. SNAP, +4.30% and Blue Apron Holdings Inc. APRN, +7.31% stocks are rallying ahead of both of their earnings reports Thursday, it does not appear to be the result of a large amount of investors covering short positions. Shares of Blue Apron were up 5.7% Wednesday afternoon and Snap shares were up 3.7%. According to S3 Partners, a financial analytics firm, short interest in both stocks has...