IMAC Holdings, Inc. (NASDAQ:BACK) Sees Significant Growth in Short Interest

by · The Markets Daily

IMAC Holdings, Inc. (NASDAQ:BACK – Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 37,900 shares, a growth of 17.7% from the November 30th total of 32,200 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.0% of the company’s shares are short sold.

IMAC Stock Down 7.8 %

Shares of NASDAQ BACK traded down $0.11 during trading hours on Tuesday, hitting $1.25. The company’s stock had a trading volume of 62,871 shares, compared to its average volume of 302,312. The business has a 50-day simple moving average of $1.16 and a 200-day simple moving average of $1.47. IMAC has a 12 month low of $0.98 and a 12 month high of $7.75.

IMAC (NASDAQ:BACK – Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The company reported ($1.74) EPS for the quarter.

About IMAC

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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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