CIMG Inc. (NASDAQ:IMG) Short Interest Down 32.4% in September

CIMG Inc. (NASDAQ:IMG) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 756,600 shares, a decline of 32.4% from the August 31st total of 1,120,000 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 16,630,000 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 16,630,000 shares, the short-interest ratio is currently 0.0 days. Currently, 1.8% of the company’s stock are short sold.

CIMG Stock Performance

IMG opened at $0.24 on Wednesday. The business’s 50-day simple moving average is $0.26 and its 200-day simple moving average is $0.38. CIMG has a one year low of $0.19 and a one year high of $3.50. The stock has a market capitalization of $44.81 million, a P/E ratio of -0.03 and a beta of 1.02.

CIMG (NASDAQ:IMG) last posted its earnings results on Wednesday, September 24th. The company reported ($0.03) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CIMG in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of CIMG

A hedge fund recently bought a new stake in CIMG stock. Jane Street Group LLC bought a new position 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 (SEC). The fund bought 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 (SEC). 23.42% of the stock is currently owned by hedge funds and other institutional investors.

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.