IMAC Holdings, Inc. (NASDAQ:BACK) Sees Large Decline in Short Interest

IMAC Holdings, Inc. (NASDAQ:BACK) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 16,500 shares, a decrease of 8.8% from the September 15th total of 18,100 shares. Based on an average trading volume of 108,900 shares, the short-interest ratio is presently 0.2 days. Approximately 1.0% of the shares of the company are short sold.

IMAC Price Performance

BACK stock opened at $1.05 on Tuesday. IMAC has a 12-month low of $1.04 and a 12-month high of $7.75. The stock’s 50 day simple moving average is $1.46 and its 200 day simple moving average is $2.25.

IMAC Company Profile

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.