IM Cannabis Corp. Sees Significant Increase in Short Interest
| IMCC Stock | USD 2.37 0.18 8.22% |
About 55% of Im Cannabis' shareholders are presently thinking to get in. The analysis of the overall investor sentiment regarding Im Cannabis Corp suggests that some traders are interested. The current market sentiment, together with Im Cannabis' historical and current headlines, can help investors time the market. In addition, many technical investors use Im Cannabis Corp stock news signals to limit their universe of possible portfolio assets.
IMCC |
IM Cannabis Corp. was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 149,100 shares, an increase of 752.0 percent from the November 15th total of 17,500 shares. Based on an average trading volume of 87,900 shares,
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Im Cannabis Fundamental Analysis
We analyze Im Cannabis' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Im Cannabis using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Im Cannabis based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Im Cannabis is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Im Cannabis Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Im Cannabis stock to make a market-neutral strategy. Peer analysis of Im Cannabis could also be used in its relative valuation, which is a method of valuing Im Cannabis by comparing valuation metrics with similar companies.
Peers
Im Cannabis Related Equities
| IXHL | Incannex Healthcare | 4.32 | ||||
| BFRI | Biofrontera | 2.80 | ||||
| SUPN | Supernus Pharmaceuticals | 2.23 | ||||
| RAPH | Raphael Pharmaceutical | 0.00 | ||||
| PAHC | Phibro Animal | 0.53 | ||||
| UPC | Universe Pharmaceuticals | 1.92 | ||||
| AAWH | Ascend Wellness | 7.50 |
Complementary Tools for IMCC Stock analysis
When running Im Cannabis' price analysis, check to measure Im Cannabis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Im Cannabis is operating at the current time. Most of Im Cannabis' value examination focuses on studying past and present price action to predict the probability of Im Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Im Cannabis' price. Additionally, you may evaluate how the addition of Im Cannabis to your portfolios can decrease your overall portfolio volatility.
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