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

IMAC Holdings, Inc. (NASDAQ:BACK) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 36,500 shares, a growth of 20.5% from the October 31st total of 30,300 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average trading volume of 54,200 shares, the days-to-cover ratio is presently 0.7 days.

IMAC Stock Performance

Shares of NASDAQ BACK opened at $1.07 on Friday. The firm has a 50 day moving average price of $1.15 and a two-hundred day moving average price of $1.73. IMAC has a 52-week low of $0.98 and a 52-week high of $7.75.

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.