CIMG Inc. (NASDAQ:IMG) Sees Large Decline in Short Interest

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of CIMG in a report on Wednesday, January 21st. Wall Street Zen raised shares of CIMG to a “sell” rating in a research report on Saturday, December 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, CIMG currently has an average rating of “Sell”.

CIMG Stock Up 9.2%

NASDAQ IMG traded up $0.05 during trading hours on Friday, hitting $0.55. The company had a trading volume of 337,524 shares, compared to its average volume of 218,718. CIMG has a fifty-two week low of $0.50 and a fifty-two week high of $17.20. The business has a fifty day simple moving average of $1.14 and a 200-day simple moving average of $3.38. The firm has a market cap of $5.41 million, a P/E ratio of -0.14 and a beta of 1.14.

Institutional Trading of CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC bought a new position in CIMG Inc. (NASDAQ:IMG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 quarter. Hedge funds and other institutional investors own 23.42% of the company’s stock.

CIMG Company Profile

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.