iFresh Inc (NASDAQ:IFMK) Sees Large Decline in Short Interest

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iFresh Inc (NASDAQ:IFMK) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 534,600 shares, a decline of 9.5% from the August 31st total of 590,600 shares. Based on an average trading volume of 459,800 shares, the days-to-cover ratio is presently 1.2 days. Approximately 3.2% of the shares of the company are sold short.

An institutional investor recently bought a new position in iFresh stock. Bank of New York Mellon Corp bought a new position in iFresh Inc (NASDAQ:IFMK) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 46,843 shares of the company’s stock, valued at approximately $70,000. Bank of New York Mellon Corp owned approximately 0.25% of iFresh as of its most recent SEC filing. 1.42% of the stock is owned by hedge funds and other institutional investors.

IFMK traded up $0.01 during trading on Friday, hitting $0.70. The stock had a trading volume of 652,005 shares, compared to its average volume of 761,586. The company has a 50 day moving average price of $0.87 and a 200-day moving average price of $1.09. The firm has a market cap of $17.51 million, a price-to-earnings ratio of -6.32 and a beta of -3.49. iFresh has a one year low of $0.34 and a one year high of $2.83. The company has a debt-to-equity ratio of 8.92, a current ratio of 0.56 and a quick ratio of 0.31.

iFresh (NASDAQ:IFMK) last posted its earnings results on Monday, August 24th. The company reported $0.15 EPS for the quarter. The firm had revenue of $21.27 million during the quarter.

iFresh Company Profile

iFresh Inc operates a network of grocery supermarket chains in the north-eastern United States. The company's chains provide vegetables, seafood, meat, fruits, snacks, seasonings, and other products. 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.

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