Viacom, Inc. (VIAB) Forms $30.24 Double Top; Ifresh (IFMK) Shorts Raised By 54.21%

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Ifresh Inc (NASDAQ:IFMK) had an increase of 54.21% in short interest. IFMK’s SI was 33,000 shares in June as released by FINRA. Its up 54.21% from 21,400 shares previously. With 88,100 avg volume, 0 days are for Ifresh Inc (NASDAQ:IFMK)’s short sellers to cover IFMK’s short positions. The SI to Ifresh Inc’s float is 1.62%. The stock increased 2.35% or $0.13 during the last trading session, reaching $5.67. About 4,783 shares traded. iFresh Inc. (NASDAQ:IFMK) has declined 53.56% since June 21, 2017 and is downtrending. It has underperformed by 66.13% the S&P500. Some Historical IFMK News: ; 02/04/2018 – IFresh Names Jay Walder Director; 20/03/2018 – IFRESH TO BUY 75% OF FUJIAN FUDING SEAGULL FOR ABOUT RMB 525M; 04/05/2018 – iFresh to Celebrate the Grand Opening of its Upgraded Newest Supermarket in Orlando, Florida; 20/03/2018 – IFRESH INC – EXPECTS TO SIGN A DEFINITIVE AGREEMENT WITHIN 90 DAYS; 23/04/2018 – DJ iFresh Inc, Inst Holders, 1Q 2018 (IFMK); 20/03/2018 – IFRESH, SIGNS LETTER OF INTENT TO BUY 75% OF FUJIAN FUDING; 16/03/2018 iFresh CEO to Speak at The 11th Columbia China Business Conference; 20/03/2018 – IFresh, Inc. Signs Letter Of Intent To Acquire 75% Of Fujian Fuding Seagull Fishing Food Co., Ltd; 17/05/2018 – Two iFresh Supermarkets Celebrate 30th Anniversaries; 15/05/2018 – iFresh Offers Western Union Services at Four Locations

Viacom, Inc. (VIAB) formed double top with $32.66 target or 8.00% above today’s $30.24 share price. Viacom, Inc. (VIAB) has $12.40 billion valuation. The stock increased 3.14% or $0.92 during the last trading session, reaching $30.24. About 2.60 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since June 21, 2017 and is downtrending. It has underperformed by 33.82% the S&P500. Some Historical VIAB News: ; 09/04/2018 – Viacom/CBS: Major investor sees Moonves key to merger, source says [18:57 BST09 Apr 2018] [Proprietary] []; 17/05/2018 – National Amusements is controlled by the Redstone family, which has been trying to merge CBS and Viacom, both of which fall under its umbrella; 27/03/2018 – Viacom Closes Above 200-Day Moving Average: Technicals; 26/04/2018 – OluKai, Paramount Pictures, and Viacom Turn to Bluescape® to Enhance their Agility, Productivity and Business Results; 11/04/2018 – NEW CBS BID FOR VIACOM IS SAID EXPECTED TO BE INSUFFICIENT:CNBC; 03/04/2018 – BREAKING: CBS has submitted bid for Viacom that is below its market value; CBS special committee wants Moonves, Ianniello to lead combined company; 25/04/2018 – VIACOM INC CFO SAYS ON TRACK WITH FULL YEAR GUIDANCE OF A DECLINE AT THE LOW END OF THE MID-SINGLE DIGIT RANGE FOR U.S. AFFILIATE REVENUE -CONF CALL; 10/04/2018 – Josh Kosman: CBS and Viacom still look set for a merger. Third party bid for Viacom thwarted: sources; 13/03/2018 – VIACOM TO USE MOVIO MOVIEGOER DATA FOR ADVERTISING CAPABILITIES; 25/04/2018 – VIACOM – PARAMOUNT PICTURES IS ON TRACK TO CONTINUE GROWING PROFITS FOR SECOND HALF OF FISCAL 2018 AND INTO FISCAL 2019

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 13 have Buy rating, 0 Sell and 26 Hold. Therefore 33% are positive. Viacom Inc. has $87 highest and $24.0 lowest target. $40.47’s average target is 33.83% above currents $30.24 stock price. Viacom Inc. had 135 analyst reports since August 7, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of VIAB in report on Friday, October 13 with “Overweight” rating. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, August 3 report. Wedbush maintained Viacom, Inc. (NASDAQ:VIAB) rating on Tuesday, September 27. Wedbush has “Neutral” rating and $40 target. Atlantic Securities upgraded the shares of VIAB in report on Friday, July 22 to “Neutral” rating. The rating was maintained by Barclays Capital on Monday, September 26 with “Overweight”. The firm has “Overweight” rating by Morgan Stanley given on Monday, January 30. On Monday, June 26 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Tuesday, June 6 by RBC Capital Markets. On Friday, August 4 the stock rating was maintained by Pivotal Research with “Hold”. The firm has “Neutral” rating given on Thursday, September 22 by Macquarie Research.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on August, 2. They expect $1.08 earnings per share, down 7.69% or $0.09 from last year’s $1.17 per share. VIAB’s profit will be $442.96 million for 7.00 P/E if the $1.08 EPS becomes a reality. After $0.92 actual earnings per share reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States. The company has market cap of $80.63 million. The companyÂ’s chains provide vegetables, seafood, fruits, meat, snacks, seasonings, and other products. It currently has negative earnings. It also distributes rice and rice products, and seasonings and spices, as well as assortment of noodles, frozen vegetables, frozen dumplings, and frozen seafood under the Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, Shuangdeng/Double Lantern, SeaStar, Huang Duan Xiang 1987, and I FRESH brands.

More recent iFresh Inc. (NASDAQ:IFMK) news were published by: Gurufocus.com which released: “Ifresh Inc (IFMK) CEO, COO and COB Long Deng Sold $8.5 million of Shares” on June 15, 2018. Also Gurufocus.com published the news titled: “Insiders Roundup: MercadoLibre, Discovery” on June 15, 2018. Benzinga.com‘s news article titled: “30 Stocks Moving In Friday’s Mid-Day Session” with publication date: June 08, 2018 was also an interesting one.

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