IM Cannabis Corp. (NASDAQ:IMCC) Sees Large Decrease in Short Interest

IM Cannabis Corp. (NASDAQ:IMCC) was the recipient of a significant decline in short interest in 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. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

IM Cannabis Price Performance

Shares of NASDAQ IMCC traded up $0.09 during midday trading on Friday, reaching $1.84. 5,282 shares of the company traded hands, compared to its average volume of 90,725. The stock’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $2.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.59 and a current ratio of 0.70. IM Cannabis has a 12 month low of $1.61 and a 12 month high of $8.10. The firm has a market cap of $4.11 million, a PE ratio of -0.54 and a beta of 1.03.

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.