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

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

Analyst Upgrades and Downgrades

IMG has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CIMG in a report on Wednesday, October 8th. Wall Street Zen raised shares of CIMG to a “sell” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, CIMG presently has a consensus rating of “Sell”.

CIMG Stock Down 1.7%

Shares of CIMG stock traded down $0.02 on Friday, reaching $1.13. The company’s stock had a trading volume of 100,740 shares, compared to its average volume of 1,685,664. The company has a market capitalization of $11.10 million, a P/E ratio of -0.28 and a beta of 1.16. The stock has a 50-day moving average price of $2.10 and a 200-day moving average price of $4.01. CIMG has a 52-week low of $1.05 and a 52-week high of $17.20.

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 firm had revenue of $0.06 million during the quarter.

Institutional Trading of CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC acquired a new stake in CIMG Inc. (NASDAQ:IMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned approximately 0.25% of CIMG as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 23.42% of the company’s stock.

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.