CIMG Inc. (NASDAQ:IMG) Short Interest Update

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

Hedge Funds Weigh In On CIMG

A hedge fund recently bought a new stake in CIMG stock. Jane Street Group LLC bought a new position in CIMG Inc. (NASDAQ:IMG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 owned by institutional investors and hedge funds.

CIMG Stock Performance

Shares of IMG remained flat at $0.22 on Friday. CIMG has a 52-week low of $0.19 and a 52-week high of $13.85. The stock has a market capitalization of $2.19 million, a P/E ratio of -0.06 and a beta of 1.24. The business’s 50 day simple moving average is $0.72 and its two-hundred day simple moving average is $2.74.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen raised 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 report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, CIMG currently has an average rating of “Sell”.

About CIMG

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.