IMAC Holdings, Inc. (NASDAQ:BACK – Get Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 172,200 shares, an increase of 13.2% from the May 31st total of 152,100 shares. Based on an average trading volume of 299,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 18.3% of the company’s shares are short sold.
IMAC Trading Down 4.9 %
NASDAQ BACK traded down $0.09 on Tuesday, hitting $1.73. 39,611 shares of the stock were exchanged, compared to its average volume of 522,481. The company’s 50-day moving average price is $3.02 and its two-hundred day moving average price is $2.47. IMAC has a 52-week low of $1.22 and a 52-week high of $7.75.
IMAC (NASDAQ:BACK – Get Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.39) earnings per share 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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