CIMG Inc. (NASDAQ:IMG) Short Interest Update

CIMG Inc. (NASDAQ:IMG) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 259,388 shares, an increase of 76.9% from the February 12th total of 146,659 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 646,853 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 646,853 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC acquired a new position in CIMG Inc. (NASDAQ:IMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 41,617 shares of the company’s stock, valued at approximately $45,000. Jane Street Group LLC owned about 0.42% of CIMG as of its most recent SEC filing. 23.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on IMG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of CIMG to a “sell” rating in a report on Saturday, December 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

CIMG Stock Performance

Shares of CIMG stock remained flat at $0.22 on Friday. The stock has a 50-day simple moving average of $0.74 and a 200-day simple moving average of $2.77. The company has a market capitalization of $2.19 million, a P/E ratio of -0.06 and a beta of 1.24. CIMG has a one year low of $0.19 and a one year high of $13.85.

CIMG (NASDAQ:IMG) last posted its earnings results on Thursday, March 5th. The company reported ($1.43) EPS for the quarter. The company had revenue of $15.77 million for the quarter.

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.