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

IM Cannabis Corp. (NASDAQ:IMCC) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 8,000 shares, an increase of 23.1% from the February 13th total of 6,500 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 16,200 shares, the short-interest ratio is presently 0.5 days.

IM Cannabis Stock Up 2.0 %

Shares of IM Cannabis stock traded up $0.04 during trading hours on Wednesday, reaching $1.78. 1,605 shares of the company were exchanged, compared to its average volume of 97,843. The firm has a market cap of $3.96 million, a PE ratio of -0.52 and a beta of 1.03. The stock’s fifty day moving average is $2.15 and its 200 day moving average is $2.31. IM Cannabis has a 1 year low of $1.61 and a 1 year high of $8.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.59 and a current ratio of 0.70.

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.