IMAC Holdings, Inc. (NASDAQ:BACK – Get Free Report) saw a large 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 stock are sold short. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is currently 0.3 days.
IMAC Trading Up 14.8 %
Shares of BACK traded up $0.08 during mid-day trading on Wednesday, reaching $0.61. 839,621 shares of the company’s stock were exchanged, compared to its average volume of 2,918,602. The company has a 50-day simple moving average of $1.10 and a two-hundred day simple moving average of $1.27. IMAC has a 52-week low of $0.47 and a 52-week high of $7.75.
IMAC (NASDAQ:BACK – Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The company reported ($1.33) 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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