IM Cannabis Corp. (NASDAQ:IMCC) Sees Large Drop in Short Interest

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

IM Cannabis Stock Performance

NASDAQ IMCC opened at $2.25 on Tuesday. The business’s 50 day moving average price is $2.31 and its 200-day moving average price is $2.44. IM Cannabis has a fifty-two week low of $1.61 and a fifty-two week high of $8.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.70 and a quick ratio of 0.59.

IM Cannabis Company Profile

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.