CIMG Inc. (NASDAQ:IMG) Short Interest Up 57.0% in January

CIMG Inc. (NASDAQ:IMG) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 295,193 shares, an increase of 57.0% from the December 31st total of 188,063 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average trading volume of 2,891,903 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 2,891,903 shares, the days-to-cover ratio is currently 0.1 days. Currently, 3.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

IMG has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, January 21st. Wall Street Zen raised CIMG to a “sell” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CIMG presently has a consensus rating of “Sell”.

Institutional Trading of CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC purchased a new position in CIMG Inc. (NASDAQ:IMG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned 0.25% of CIMG as of its most recent SEC filing. Institutional investors own 23.42% of the company’s stock.

CIMG Trading Down 2.4%

CIMG stock traded down $0.02 during mid-day trading on Friday, hitting $0.85. 261,096 shares of the company’s stock were exchanged, compared to its average volume of 1,574,587. The stock has a 50 day moving average of $1.65 and a two-hundred day moving average of $3.71. CIMG has a 1-year low of $0.81 and a 1-year high of $17.20. The stock has a market cap of $8.35 million, a P/E ratio of -0.21 and a beta of 1.16.

CIMG (NASDAQ:IMG) last announced its earnings results on Monday, November 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million during the quarter.

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.