Short Interest in IM Cannabis Corp. (NASDAQ:IMCC) Increases By 23.1%

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

IM Cannabis Price Performance

Shares of IM Cannabis stock opened at $1.67 on Thursday. The stock has a market capitalization of $3.73 million, a P/E ratio of -0.49 and a beta of 1.03. IM Cannabis has a twelve month low of $1.61 and a twelve month high of $8.10. The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average price is $2.13 and its 200 day moving average price is $2.30.

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.