IMAC Holdings, Inc. (NASDAQ:BACK) Sees Significant Decline in Short Interest

IMAC Holdings, Inc. (NASDAQ:BACK) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 16,500 shares, a drop of 8.8% from the September 15th total of 18,100 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 108,900 shares, the short-interest ratio is currently 0.2 days.

IMAC Trading Up 6.7 %

Shares of IMAC stock opened at $1.12 on Wednesday. The stock has a 50-day simple moving average of $1.45 and a 200-day simple moving average of $2.24. IMAC has a 52-week low of $1.04 and a 52-week high of $7.75.

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.