Short Interest in CIMG Inc. (NASDAQ:IMG) Expands By 49.8%

CIMG Inc. (NASDAQ:IMG) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 188,063 shares, an increase of 49.8% from the December 15th total of 125,564 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,095,911 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,095,911 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CIMG stock. Jane Street Group LLC acquired a new position in shares of CIMG Inc. (NASDAQ:IMG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 23.42% of the company’s stock.

CIMG Stock Down 1.7%

Shares of NASDAQ:IMG traded down $0.02 during trading on Friday, reaching $1.13. The stock had a trading volume of 100,740 shares, compared to its average volume of 1,685,664. The stock has a fifty day simple moving average of $2.10 and a two-hundred day simple moving average of $4.01. CIMG has a 52 week low of $1.05 and a 52 week high of $17.20. The firm has a market capitalization of $11.11 million, a price-to-earnings ratio of -0.28 and a beta of 1.16.

CIMG (NASDAQ:IMG) last released 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.

Analysts Set New Price Targets

A number of research firms have issued reports on IMG. Weiss Ratings reiterated a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, October 8th. Wall Street Zen raised shares of CIMG to a “sell” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

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.