IMAC Holdings, Inc. (NASDAQ:BACK – Get Free Report) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 135,400 shares, a drop of 37.5% from the February 13th total of 216,800 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.3% of the shares of the stock are sold short.
IMAC Trading Down 5.4 %
Shares of IMAC stock opened at $0.57 on Friday. The company has a 50-day simple moving average of $0.82 and a 200 day simple moving average of $1.09. IMAC has a 12-month low of $0.47 and a 12-month high of $7.75.
IMAC (NASDAQ:BACK – Get Free Report) last announced its earnings results on Friday, January 17th. The company reported ($1.33) earnings per share (EPS) for the quarter.
IMAC Company Profile
IMAC Holdings, Inc owns and manages innovative medical advancements and care regeneration centers, and backspace clinics in the United States. The company's outpatient medical clinics provide regenerative, orthopedic, and minimally invasive procedures and therapies to patients with sports injuries, ligament and tendon damage, and other related soft tissue conditions, as well as back, knee, and joint pains.
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