Infinite Group, Inc. (OTCMKTS:IMCI) Sees Large Decrease in Short Interest

Infinite Group, Inc. (OTCMKTS:IMCI) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 100 shares, a drop of 99.5% from the September 15th total of 22,200 shares. Based on an average daily trading volume, of 60,400 shares, the short-interest ratio is currently 0.0 days.

Shares of OTCMKTS IMCI remained flat at $$0.15 during midday trading on Thursday. 2,500 shares of the stock were exchanged, compared to its average volume of 23,738. The stock has a fifty day simple moving average of $0.16 and a 200 day simple moving average of $0.20. Infinite Group has a 12 month low of $0.08 and a 12 month high of $0.34.

Infinite Group (OTCMKTS:IMCI) last posted its quarterly earnings results on Tuesday, August 17th. The company reported ($0.01) EPS for the quarter. Infinite Group had a net margin of 2.57% and a negative return on equity of 5.38%. The company had revenue of $1.80 million during the quarter.

Infinite Group Company Profile

Infinite Group, Inc is a developer of cybersecurity software and a provider of cybersecurity related services and managed information security related services to commercial businesses and government organizations. Its services include Virtual CISO, Penetration Testing, Security Assessment, and Incident Response.

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