Short Interest in IM Cannabis Corp. (NASDAQ:IMCC) Drops By 60.4%

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

IM Cannabis Trading Up 2.9 %

IMCC stock traded up $0.06 during midday trading on Friday, reaching $2.11. The stock had a trading volume of 3,426 shares, compared to its average volume of 14,057. The business has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $2.39. 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 has a market cap of $4.71 million, a price-to-earnings ratio of -0.62 and a beta of 1.04. IM Cannabis has a twelve month low of $1.61 and a twelve month 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.