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

CIMG Inc. (NASDAQ:IMG) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 125,564 shares, a decline of 86.2% from the November 30th total of 911,891 shares. Based on an average daily volume of 2,366,087 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.3% of the company’s stock are short sold. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 2,366,087 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On 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) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 Stock Performance

NASDAQ:IMG traded down $0.09 during trading hours on Friday, reaching $1.31. The stock had a trading volume of 137,313 shares, compared to its average volume of 428,493. The stock has a 50 day simple moving average of $3.16 and a 200 day simple moving average of $4.62. CIMG has a 12-month low of $1.13 and a 12-month high of $28.80. The stock has a market cap of $12.88 million, a P/E ratio of -0.33 and a beta of 1.04.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IMG shares. Weiss Ratings restated a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, October 8th. Wall Street Zen upgraded CIMG to a “sell” rating in a report on Saturday, December 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, CIMG currently has an average rating of “Sell”.

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.