Short Interest in CIMG Inc. (NASDAQ:IMG) Grows By 76.9%

CIMG Inc. (NASDAQ:IMG) was the target of a significant growth in short interest in 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. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily volume of 646,853 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 646,853 shares, the short-interest ratio is currently 0.4 days. Currently, 2.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

IMG has been the subject of several research reports. Weiss Ratings reiterated 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 report on Saturday, December 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

CIMG Price Performance

NASDAQ:IMG opened at $0.22 on Friday. The company has a fifty day simple moving average of $0.72 and a two-hundred day simple moving average of $2.72. CIMG has a 52 week low of $0.19 and a 52 week high of $13.85. The company has a market cap of $2.19 million, a price-to-earnings ratio of -0.06 and a beta of 1.24.

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

Institutional Trading of CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC purchased a new stake in CIMG Inc. (NASDAQ:IMG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 41,617 shares of the company’s stock, valued at approximately $45,000. Jane Street Group LLC owned about 0.42% of CIMG at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.42% of the company’s stock.

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.