IMAC Holdings, Inc. (NASDAQ:BACK) Short Interest Down 80.3% in April

IMAC Holdings, Inc. (NASDAQ:BACK) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 173,600 shares, a decline of 80.3% from the March 31st total of 880,200 shares. Approximately 18.5% of the shares of the company are sold short. Based on an average daily volume of 807,700 shares, the days-to-cover ratio is currently 0.2 days.

IMAC Trading Up 46.3 %

NASDAQ BACK traded up $1.62 during trading on Thursday, reaching $5.10. The company’s stock had a trading volume of 8,444,313 shares, compared to its average volume of 772,909. The firm has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.04. IMAC has a 12 month low of $1.22 and a 12 month high of $7.75. The firm has a market capitalization of $5.87 million, a price-to-earnings ratio of -0.36 and a beta of 0.25.

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.