Braskem S.A. (BAK) Forms $29.21 Double Top; LOUISIANA FOOD CO (LUSI) Shorts Increased By 15.11%

LOUISIANA FOOD CO (OTCMKTS:LUSI) had an increase of 15.11% in short interest. LUSI’s SI was 80,000 shares in February as released by FINRA. Its up 15.11% from 69,500 shares previously. It closed at $0.0003 lastly. It is down 0.00% since February 27, 2017 and is . It has underperformed by 16.70% the S&P500.

Braskem S.A. (BAK) formed double top with $30.67 target or 5.00% above today’s $29.21 share price. Braskem S.A. (BAK) has $11.76B valuation. The stock decreased 0.44% or $0.13 during the last trading session, reaching $29.21. About 330,242 shares traded. Braskem S.A. (NYSE:BAK) has risen 73.46% since February 27, 2017 and is uptrending. It has outperformed by 56.76% the S&P500.

Louisiana Food Company, a development stage company, engages in locating, developing, and commercializing food-related business opportunities in the State of Louisiana. The company has market cap of $9,300. It offers a line of packaged dry products, coffee products, and sauce products. It currently has negative earnings. The firm markets its packaged dry products under the Louisiana Food Company brand name; coffee products under the Voodoo Roast brand name; and sauce products under The Quarter's brand name.

Analysts await Braskem S.A. (NYSE:BAK) to report earnings on August, 16. BAK’s profit will be $326.00M for 9.02 P/E if the $0.81 EPS becomes a reality. After $0.64 actual EPS reported by Braskem S.A. for the previous quarter, Wall Street now forecasts 26.56% EPS growth.

Among 4 analysts covering Braskem SA (NYSE:BAK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Braskem SA has $16 highest and $14.30 lowest target. $16’s average target is -45.22% below currents $29.21 stock price. Braskem SA had 5 analyst reports since September 21, 2015 according to SRatingsIntel. HSBC initiated the shares of BAK in report on Tuesday, October 11 with “Buy” rating. The firm earned “Overweight” rating on Monday, December 5 by JP Morgan. The stock of Braskem S.A. (NYSE:BAK) earned “Buy” rating by Bank of America on Tuesday, May 24.