Short Interest in iFresh Inc (NASDAQ:IFMK) Rises By 43.2%

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iFresh Inc (NASDAQ:IFMK) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 516,900 shares, an increase of 43.2% from the July 31st total of 360,900 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily volume of 240,600 shares, the short-interest ratio is presently 2.1 days.

Shares of IFMK remained flat at $$1.96 during trading hours on Friday. 210,925 shares of the company traded hands, compared to its average volume of 182,983. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.20. The business’s fifty day moving average is $2.01 and its 200-day moving average is $1.41. iFresh has a 1 year low of $0.80 and a 1 year high of $3.52.

A hedge fund recently raised its stake in iFresh stock. Vanguard Group Inc. lifted its position in iFresh Inc (NASDAQ:IFMK) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,867 shares of the company’s stock after purchasing an additional 7,978 shares during the period. Vanguard Group Inc. owned about 0.40% of iFresh worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.00% of the company’s stock.

About iFresh

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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