Blue Apron Holdings (NYSE:APRN ) jumped 19.85% in early trading on Monday and swapped hands at the stock's highest level in six weeks.

Volume on Blue Apron (APRN) was over 3.6M shares after just over an hour of trading.

Short interest on APRN has moved to over 40% of total float to add even more volatility to the online meal kit stock.

Last week, Blue Apron (APRN) attracted a Buy rating from Lake Street. "With average revenue per customer consistently trending 20%+ above 2019 levels, we have seen proof of the turnaround and think the company is in the final innings," noted analyst Ryan Meyers. "With capital infusions in November 2021 and May 2022, we think Blue Apron now has the balance sheet to continue to grow its customer base and ultimately achieve greater scale," he added.

The Seeking Alpha Quant Rating on APRN is at a three-month low with low marks for profitability and EPS revision holding back the rating.