What’s Ifresh Inc (NASDAQ:IFMK) Upside After This Short Interest Decrease?

May 29, 2018 - By Vivian Currie

The stock of Ifresh Inc (NASDAQ:IFMK) registered a decrease of 20.56% in short interest. IFMK’s total short interest was 25,500 shares in May as published by FINRA. Its down 20.56% from 32,100 shares, reported previously. With 9,400 shares average volume, it will take short sellers 3 days to cover their IFMK’s short positions. The short interest to Ifresh Inc’s float is 1.25%.

It closed at $6.13 lastly. It is down 53.56% since May 29, 2017 and is downtrending. It has underperformed by 66.13% the S&P500.

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States. The company has market cap of $87.17 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.

Another recent and important iFresh Inc. (NASDAQ:IFMK) news was published by Globenewswire.com which published an article titled: “Two iFresh Supermarkets Celebrate 30th Anniversaries” on May 17, 2018.

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