Short Interest in IMAC Holdings, Inc. (NASDAQ:BACK) Drops By 23.2%

IMAC Holdings, Inc. (NASDAQ:BACK) was the recipient of a large decline in short interest in 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. Based on an average daily trading volume, of 124,500 shares, the short-interest ratio is currently 0.2 days. Approximately 1.9% of the shares of the company are sold short.

IMAC Stock Performance

IMAC stock remained flat at $1.27 during midday trading on Friday. 138,632 shares of the company traded hands, compared to its average volume of 410,869. IMAC has a one year low of $1.22 and a one year high of $7.75. The stock has a 50-day moving average of $1.68 and a two-hundred day moving average of $2.33.

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.