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

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,424 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 92,154 shares, the short-interest ratio is presently 0.0 days.

Decibel Cannabis Stock Performance

Shares of OTCMKTS:DBCCF opened at $0.08 on Thursday. The business’s fifty day simple moving average is $0.09 and its 200-day simple moving average is $0.08. Decibel Cannabis has a 12-month low of $0.06 and a 12-month high of $0.11.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded Decibel Cannabis from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Decibel Cannabis presently has an average rating of “Buy”.

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.