IM Cannabis Corp. (NASDAQ:IMCC) Sees Significant Decline in Short Interest

IM Cannabis Corp. (NASDAQ:IMCC) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 16,400 shares, a decrease of 6.3% from the January 15th total of 17,500 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 90,200 shares, the days-to-cover ratio is currently 0.2 days.

IM Cannabis Stock Down 1.3 %

Shares of NASDAQ IMCC opened at $2.22 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 0.10. IM Cannabis has a 12 month low of $1.61 and a 12 month high of $8.10. The firm has a market capitalization of $4.95 million, a PE ratio of -0.65 and a beta of 1.04. The firm has a fifty day simple moving average of $2.30 and a two-hundred day simple moving average of $2.44.

About IM Cannabis

IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.