IGMS's short interest dropped in October, but the stock faced a downgrade and fell to $9.22 on Nov 11th.

IGMS's short interest fell 8.4% in October to 3.37M shares, with a days-to-cover ratio of 11.6. Royal Bank of Canada raised its price target to $20, while JPMorgan downgraded it to "underweight" at $9. Shares dropped to $9.22 on Nov 11th, with a market cap of $546.92M and a P/E ratio of -2.53. The company reported a quarterly EPS loss of ($1.01) and revenue of $0.52M, below estimates. Insiders and institutional investors own 57% and 42.79% of the stock, respectively.

November 18, 2024
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