IM Cannabis Corp. (NASDAQ:IMCC) Short Interest Down 60.4% in February

IM Cannabis Corp. (NASDAQ:IMCC) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 6,500 shares, a decline of 60.4% from the January 31st total of 16,400 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 85,300 shares, the days-to-cover ratio is currently 0.1 days.

IM Cannabis Price Performance

Shares of IMCC opened at $2.11 on Friday. 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 fifty-two week low of $1.61 and a fifty-two week high of $8.10. The firm has a 50-day simple moving average of $2.27 and a 200-day simple moving average of $2.40. The company has a market capitalization of $4.71 million, a price-to-earnings ratio of -0.62 and a beta of 1.04.

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.