CIMG Inc. (NASDAQ:IMG) Sees Significant Decline in Short Interest

CIMG Inc. (NASDAQ:IMG) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 125,564 shares, a decrease of 86.2% from the November 30th total of 911,891 shares. Based on an average trading volume of 2,366,087 shares, the short-interest ratio is currently 0.1 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 2,366,087 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CIMG stock. Jane Street Group LLC acquired a new stake in CIMG Inc. (NASDAQ:IMG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned 0.25% of CIMG as of its most recent filing with the Securities and Exchange Commission. 23.42% of the stock is currently owned by institutional investors and hedge funds.

CIMG Stock Performance

NASDAQ IMG traded up $0.14 during trading on Wednesday, reaching $1.40. The company’s stock had a trading volume of 109,677 shares, compared to its average volume of 1,941,084. The business’s fifty day moving average price is $3.23 and its 200-day moving average price is $4.64. CIMG has a twelve month low of $1.13 and a twelve month high of $28.80. The firm has a market cap of $13.76 million, a price-to-earnings ratio of -0.35 and a beta of 1.04.

CIMG (NASDAQ:IMG) last released its quarterly earnings results on Monday, November 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter. The company had revenue of $0.06 million during the quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen upgraded CIMG to a “sell” rating in a research report on Saturday, December 6th. Weiss Ratings restated a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

CIMG Company Profile

CIMG Inc is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. CIMG Inc, formerly known as NUZEE INC., is based in BEIJING.