IM Cannabis Corp. (NASDAQ:IMCC) Stock Short Interest Report for October

IM Cannabis Corp. (NASDAQ:IMCC) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 36,121 shares, a decrease of 51.6% from the September 30th total of 74,661 shares. Based on an average daily volume of 121,192 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.6% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts have weighed in on IMCC shares. Wall Street Zen lowered IM Cannabis to a “strong sell” rating in a research note on Saturday, October 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of IM Cannabis in a report on Monday, October 19th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

IM Cannabis Stock Performance

IMCC stock traded down $0.12 during mid-day trading on Friday, reaching $0.79. 27,376 shares of the stock traded hands, compared to its average volume of 96,843. The stock has a market capitalization of $783,090.00, a PE ratio of -0.01 and a beta of 2.21. The business has a 50-day moving average price of $2.12 and a two-hundred day moving average price of $11.50. IM Cannabis has a one year low of $0.76 and a one year high of $62.40.

IM Cannabis (NASDAQ:IMCC) last posted its earnings results on Thursday, August 13th. The company reported ($0.34) EPS for the quarter. The business had revenue of $5.34 million for the quarter.

IM Cannabis Company Profile

IM Cannabis Corp. (NASDAQ: IMCC) is a medical cannabis company focused primarily on the Israeli and German markets. The company develops, sources, imports, distributes and markets medical cannabis products under the IMC brand, serving patients through pharmacies, clinics and other authorized channels.

In Israel, IM Cannabis is involved in the supply of medical cannabis products, including flower and other cannabis-based offerings, through affiliated cultivation, processing and distribution operations.