Viacom Inc – Class B (NASDAQ:VIAB) Shorts Declined By 11.96% As Of Jun 27, 2018

June 27, 2018 - By Michael Lund

Viacom, Inc. (NASDAQ:VIAB) Corporate Logo

Viacom Inc – Class B (NASDAQ:VIAB) had a decrease of its shorted shares by 11.96%. FINRA issued in June VIAB’s total 14.26 million shorted shares. The 16.19M previous shares are down with 11.96%. 5 days will cost VIAB with 2.96M average volume to recover its former position. Viacom Inc – Class B’s shorted shares float is 3.99%.

Ticker’s shares touched $30.025 during the last trading session after 1.13% change.Currently Viacom, Inc. is downtrending after 21.25% change in last June 27, 2017. VIAB has 725,960 shares volume. VIAB underperformed by 33.82% the S&P500.

Viacom, Inc. operates media brands that create entertainment content worldwide.The firm is valued at $12.35 billion. The firm creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences.The P/E ratio is 5.99. It operates through two divisions, Media Networks and Filmed Entertainment.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Total analysts of 14 have positions in Viacom (NASDAQ:VIAB) as follows: 2 rated it a “Buy”, 0 with “Sell” and 12 with “Hold”. The positive are 14%. Since January 2, 2018 according to StockzIntelligence Inc Viacom has 15 analyst reports. In Wednesday, February 28 report Macquarie Research upgraded the stock to “Neutral” rating. On Sunday, February 11 the firm earned “Hold” rating by BMO Capital Markets. On Thursday, February 8 the stock has “Buy” rating by Jefferies. The stock rating was downgraded by Barrington to “Hold” on Tuesday, January 2. In Wednesday, February 14 report Atlantic Securities upgraded the stock to “Neutral” rating. In Wednesday, March 28 report Citigroup upgraded it to “Hold” rating and $3000 target. The stock rating was downgraded by Macquarie Research to “Underperform” on Tuesday, January 2. On Monday, February 5 the firm has “Hold” rating by Cowen & Co given. On Thursday, January 4 the firm has “Hold” rating given by Wells Fargo. On Monday, February 12 the stock has “Hold” rating by Deutsche Bank.

There’s an important Viacom, Inc. (NASDAQ:VIAB) news posted by Bizjournals.com. It’s a report titled: “‘Daria,’ ‘My Super Sweet 16’ coming to Hulu under Viacom deal” on June 25, 2018.

Viacom, Inc. (NASDAQ:VIAB) Analyst Ratings Chart

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