IMAC Holdings, Inc. (NASDAQ:BACK – Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 216,800 shares, a drop of 46.0% from the January 31st total of 401,300 shares. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is currently 0.2 days. Approximately 6.9% of the company’s stock are sold short.
IMAC Stock Performance
Shares of NASDAQ BACK opened at $0.60 on Friday. IMAC has a one year low of $0.47 and a one year high of $7.75. The business’s 50-day moving average price is $0.96 and its two-hundred day moving average price is $1.18.
IMAC (NASDAQ:BACK – Get Free Report) last announced its quarterly earnings results on Friday, January 17th. The company reported ($1.33) earnings per share (EPS) 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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