CIMG Inc. (NASDAQ:IMG) Sees Large Decrease in Short Interest

CIMG Inc. (NASDAQ:IMG) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 146,659 shares, a decrease of 28.8% from the January 29th total of 206,078 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 237,968 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 237,968 shares, the short-interest ratio is currently 0.6 days. Currently, 1.5% of the shares of the company are sold short.

CIMG Stock Up 1.8%

IMG traded up $0.01 during midday trading on Monday, reaching $0.49. The company had a trading volume of 119,362 shares, compared to its average volume of 426,998. The business has a 50-day moving average of $0.89 and a two-hundred day moving average of $3.00. CIMG has a 1 year low of $0.44 and a 1 year high of $13.85. The company has a market cap of $4.82 million, a P/E ratio of -0.12 and a beta of 1.24.

Institutional Investors Weigh In On CIMG

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IMG. Weiss Ratings restated a “sell (e+)” rating on shares of CIMG in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of CIMG to a “sell” rating in a research note on Saturday, December 6th. One 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.