Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Sees Significant Decrease in Short Interest

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 17,524 shares, a decline of 84.3% from the December 31st total of 111,953 shares. Based on an average daily volume of 141,624 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 141,624 shares, the days-to-cover ratio is currently 0.1 days.

Decibel Cannabis Stock Performance

Shares of OTCMKTS DBCCF traded down $0.01 during mid-day trading on Thursday, hitting $0.07. 75,000 shares of the stock were exchanged, compared to its average volume of 145,682. Decibel Cannabis has a twelve month low of $0.03 and a twelve month high of $0.11. The stock’s fifty day simple moving average is $0.08 and its two-hundred day simple moving average is $0.09.

Decibel Cannabis Company Profile

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.