IM Cannabis Corp. (NASDAQ:IMCC) Short Interest Up 23.1% in February

IM Cannabis Corp. (NASDAQ:IMCC) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 8,000 shares, a growth of 23.1% from the February 13th total of 6,500 shares. Based on an average daily trading volume, of 16,200 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

IM Cannabis Trading Down 4.9 %

IMCC traded down $0.09 during midday trading on Tuesday, hitting $1.74. 1,549 shares of the company were exchanged, compared to its average volume of 98,227. The firm has a market capitalization of $3.88 million, a P/E ratio of -0.51 and a beta of 1.03. The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average price is $2.17 and its 200-day moving average price is $2.31. IM Cannabis has a 1-year low of $1.61 and a 1-year high of $8.10.

About IM Cannabis

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.