CIMG Inc. (NASDAQ:IMG) Short Interest Update

CIMG Inc. (NASDAQ:IMG) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 206,078 shares, a drop of 30.2% from the January 15th total of 295,193 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily volume of 208,859 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 208,859 shares, the short-interest ratio is presently 1.0 days. Currently, 2.1% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CIMG stock. Jane Street Group LLC bought a new stake in shares of CIMG Inc. (NASDAQ:IMG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned approximately 0.25% of CIMG at the end of the most recent reporting period. Institutional investors own 23.42% of the company’s stock.

CIMG Stock Performance

Shares of CIMG stock traded up $0.05 on Monday, hitting $0.55. The company’s stock had a trading volume of 337,524 shares, compared to its average volume of 218,718. The company has a market capitalization of $5.41 million, a price-to-earnings ratio of -0.14 and a beta of 1.14. CIMG has a 1 year low of $0.50 and a 1 year high of $17.20. The firm has a fifty day moving average price of $1.14 and a 200-day moving average price of $3.38.

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.