IMAC Holdings, Inc. (NASDAQ:BACK – Get Free Report) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 135,400 shares, a decrease of 37.5% from the February 13th total of 216,800 shares. Approximately 4.3% of the shares of the stock are short sold. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is currently 0.1 days.
IMAC Stock Down 5.4 %
BACK stock opened at $0.57 on Friday. The stock has a 50-day simple moving average of $0.82 and a two-hundred day simple moving average of $1.10. IMAC has a twelve month low of $0.47 and a twelve month high of $7.75.
IMAC (NASDAQ:BACK – Get Free Report) last posted its earnings results on Friday, January 17th. The company reported ($1.33) earnings per share 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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