Does Viacom Class B (NASDAQ:VIAB) Have Gas After Even Less Sellers Involved?

December 5, 2017 - By Adrian Erickson

 Does Viacom Class B (NASDAQ:VIAB) Have Gas After Even Less Sellers Involved?

The stock of Viacom Class B (NASDAQ:VIAB) registered a decrease of 5.44% in short interest. VIAB’s total short interest was 25.10M shares in December as published by FINRA. Its down 5.44% from 26.55M shares, reported previously. With 5.59 million shares average volume, it will take short sellers 5 days to cover their VIAB’s short positions. The short interest to Viacom Class B’s float is 7.06%.

The stock increased 0.93% or $0.27 during the last trading session, reaching $29.45. About 1.41M shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 8.36% since December 5, 2016 and is downtrending. It has underperformed by 25.06% the S&P500.

Viacom, Inc. operates as media brand worldwide. The company has market cap of $12.14 billion. The firm creates television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences, and other entertainment content for audiences. It has a 8.1 P/E ratio. It operates through two divisions, Media Networks and Filmed Entertainment.

Viacom, Inc. (NASDAQ:VIAB) Ratings Coverage

Among 38 analysts covering Viacom Inc. (NASDAQ:VIAB), 12 have Buy rating, 3 Sell and 23 Hold. Therefore 32% are positive. Viacom Inc. had 120 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, August 7, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Monday, June 12 by J.P. Morgan. Atlantic Securities downgraded the shares of VIAB in report on Friday, August 4 to “Underweight” rating. On Monday, July 11 the stock rating was downgraded by Wells Fargo to “Underperform”. The firm has “Hold” rating given on Friday, August 7 by Topeka Capital Markets. On Monday, September 26 the stock rating was maintained by Barclays Capital with “Overweight”. On Friday, November 3 the stock rating was maintained by Needham with “Hold”. Barclays Capital maintained Viacom, Inc. (NASDAQ:VIAB) rating on Friday, October 20. Barclays Capital has “Equal-Weight” rating and $32 target. The firm has “Neutral” rating by Wedbush given on Tuesday, December 13. BMO Capital Markets maintained Viacom, Inc. (NASDAQ:VIAB) rating on Monday, September 11. BMO Capital Markets has “Hold” rating and $35.0 target.

More notable recent Viacom, Inc. (NASDAQ:VIAB) news were published by: Reuters.com which released: “Viacom, Charter to renew distribution agreement” on November 15, 2017, also Businesswire.com with their article: “Viacom Appoints Jose Tolosa as Chief Transformation Officer” published on November 29, 2017, Seekingalpha.com published: “Viacom’s Q4: On Value, Price Action And Consolidation” on November 22, 2017. More interesting news about Viacom, Inc. (NASDAQ:VIAB) were released by: Nasdaq.com and their article: “Viacom Inc. (VIAB) Jumps: Stock Rises 10.4%” published on November 20, 2017 as well as Nasdaq.com‘s news article titled: “Viacom Inc. Reveals 14% Gain In Q4 Bottom Line” with publication date: November 16, 2017.

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