IMAC Holdings, Inc. (NASDAQ:BACK – Get Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 401,300 shares, an increase of 844.2% from the January 15th total of 42,500 shares. Approximately 21.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,270,000 shares, the days-to-cover ratio is currently 0.3 days.
IMAC Stock Performance
BACK opened at $0.61 on Thursday. The firm has a 50-day moving average of $1.10 and a 200 day moving average of $1.27. IMAC has a fifty-two week low of $0.47 and a fifty-two week high of $7.75.
IMAC (NASDAQ:BACK – Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The company reported ($1.33) earnings per share (EPS) for the quarter.
About IMAC
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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