IMAC Holdings, Inc. (NASDAQ:BACK – Get Free Report) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 216,800 shares, a decline of 46.0% from the January 31st total of 401,300 shares. Approximately 6.9% of the shares of the company are sold short. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is currently 0.2 days.
IMAC Price Performance
NASDAQ BACK opened at $0.60 on Friday. The firm has a 50-day moving average price of $0.96 and a two-hundred day moving average price of $1.18. IMAC has a 12-month low of $0.47 and a 12-month high of $7.75.
IMAC (NASDAQ:BACK – Get Free Report) last released its quarterly earnings results 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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