What’s Ahead for Viacom Inc – Class B (NASDAQ:VIAB) After Less Shorted Shares?

June 14, 2018 - By Sophie Menendez

Viacom, Inc. (NASDAQ:VIAB) Logo

The stock of Viacom Inc – Class B (NASDAQ:VIAB) registered a decrease of 11.96% in short interest. VIAB’s total short interest was 14.26M shares in June as published by FINRA. Its down 11.96% from 16.19M shares, reported previously. With 2.96M shares average volume, it will take short sellers 5 days to cover their VIAB’s short positions. The short interest to Viacom Inc – Class B’s float is 3.99%.

The stock decreased 0.49% or $0.14 during the last trading session, reaching $28.15. About 4.53 million shares traded or 38.19% up from the average. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since June 14, 2017 and is downtrending. It has underperformed by 33.82% the S&P500.

Viacom, Inc. operates media brands that create entertainment content worldwide. The company has market cap of $11.57 billion. The firm creates television programs, motion pictures, short-form content, games, consumer products, podcasts, live events, and social media experiences. It has a 5.62 P/E ratio. It operates through two divisions, Media Networks and Filmed Entertainment.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Among 14 analysts covering Viacom (NASDAQ:VIAB), 2 have Buy rating, 0 Sell and 12 Hold. Therefore 14% are positive. Viacom had 15 analyst reports since January 2, 2018 according to SRatingsIntel. The stock of Viacom, Inc. (NASDAQ:VIAB) earned “Hold” rating by Deutsche Bank on Monday, February 12. The firm earned “Hold” rating on Thursday, February 8 by Guggenheim. The rating was maintained by BMO Capital Markets with “Hold” on Sunday, February 11. The firm earned “Hold” rating on Friday, February 9 by Piper Jaffray. The company was downgraded on Tuesday, January 2 by Barrington. Citigroup upgraded the shares of VIAB in report on Wednesday, March 28 to “Hold” rating. The firm has “Hold” rating by Wells Fargo given on Thursday, January 4. The rating was maintained by Jefferies on Thursday, February 8 with “Buy”. The firm has “Buy” rating by Needham given on Thursday, March 15. On Monday, February 5 the stock rating was maintained by Cowen & Co with “Hold”.

Another recent and important Viacom, Inc. (NASDAQ:VIAB) news was published by Finance.Yahoo.com which published an article titled: “With or Without Time Warner, AT&T Stock Isn’t Worth Buying” on June 13, 2018.

Viacom, Inc. (NASDAQ:VIAB) Ratings Chart

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