IM Cannabis Corp. (NASDAQ:IMCC) Short Interest Down 60.4% in February

IM Cannabis Corp. (NASDAQ:IMCC) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 6,500 shares, a decrease of 60.4% from the January 31st total of 16,400 shares. Based on an average trading volume of 85,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.4% of the shares of the company are short sold.

IM Cannabis Stock Performance

Shares of IMCC stock opened at $2.11 on Friday. The stock’s 50-day moving average is $2.27 and its two-hundred day moving average is $2.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.59 and a current ratio of 0.70. IM Cannabis has a 1 year low of $1.61 and a 1 year high of $8.10. The firm has a market cap of $4.71 million, a price-to-earnings ratio of -0.62 and a beta of 1.04.

About IM Cannabis

IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.