IMAC Holdings, Inc. (NASDAQ:BACK) Short Interest Update

IMAC Holdings, Inc. (NASDAQ:BACK) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 29,800 shares, a decline of 23.2% from the August 15th total of 38,800 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average trading volume of 124,500 shares, the short-interest ratio is presently 0.2 days.

IMAC Stock Performance

IMAC stock remained flat at $1.27 during mid-day trading on Friday. The company had a trading volume of 138,632 shares, compared to its average volume of 410,869. The firm’s 50-day simple moving average is $1.68 and its 200-day simple moving average is $2.33. IMAC has a 12 month low of $1.22 and a 12 month high of $7.75.

IMAC Company Profile

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.