Short Interest in IMAC Holdings, Inc. (NASDAQ:BACK) Drops By 80.3%

IMAC Holdings, Inc. (NASDAQ:BACK) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 173,600 shares, a drop of 80.3% from the March 31st total of 880,200 shares. Based on an average trading volume of 807,700 shares, the short-interest ratio is presently 0.2 days. Currently, 18.5% of the company’s stock are short sold.

IMAC Stock Up 46.3 %

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

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.