IM Cannabis Corp. (NASDAQ:IMCC) Short Interest Update

IM Cannabis Corp. (NASDAQ:IMCC) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 4,900 shares, a decline of 38.8% from the February 28th total of 8,000 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 13,400 shares, the short-interest ratio is currently 0.4 days.

IM Cannabis Stock Performance

NASDAQ IMCC traded up $0.09 on Friday, hitting $1.84. The stock had a trading volume of 5,282 shares, compared to its average volume of 90,725. The company’s 50-day moving average is $2.05 and its two-hundred day moving average is $2.27. The stock has a market cap of $4.11 million, a price-to-earnings ratio of -0.54 and a beta of 1.03. The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 0.10. IM Cannabis has a one year low of $1.61 and a one year high of $8.10.

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.