Could Ifresh Inc (NASDAQ:IFMK) Skyrocket? The Stock Had Too Little Sellers

The stock of Ifresh Inc (NASDAQ:IFMK) registered a decrease of 30.22% in short interest. IFMK’s total short interest was 99,300 shares in September as published by FINRA. Its down 30.22% from 142,300 shares, reported previously. With 128,000 shares average volume, it will take short sellers 1 days to cover their IFMK’s short positions. The short interest to Ifresh Inc’s float is 1.76%.

The stock increased 0.26% or $0.005 during the last trading session, reaching $1.965. About 348,920 shares traded or 56.85% up from the average. iFresh Inc. (NASDAQ:IFMK) has declined 27.69% since September 13, 2018 and is downtrending. It has underperformed by 27.69% the S&P500.

iFresh Inc. operates a network of grocery supermarket chains in the north-eastern United States. The company has market cap of $36.06 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 notable recent iFresh Inc. (NASDAQ:IFMK) news were published by: Benzinga.com which released: “30 Stocks Moving In Monday’s Mid-Day Session – Benzinga” on August 27, 2019, also Globenewswire.com with their article: “iFresh, Inc. Issues Statement on Recent Stock Volatility – GlobeNewswire” published on August 01, 2018, Gurufocus.com published: “Jun 14, 2018 – Ifresh Inc (IFMK) CEO, COO and COB Long Deng Sold $8.5 million of Shares – GuruFocus.com” on June 14, 2018. More interesting news about iFresh Inc. (NASDAQ:IFMK) were released by: Globenewswire.com and their article: “iFresh Announces New Managed Stores in Houston and El Monte – GlobeNewswire” published on November 27, 2017 as well as Globenewswire.com‘s news article titled: “iFresh Inc. Reports Fiscal Year 2018 Financial Results – GlobeNewswire” with publication date: July 05, 2018.

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