Zerostack Corp. (NASDAQ:ZSTK) Short Interest Up 347.6% in August

Zerostack Corp. (NASDAQ:ZSTK) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 119,032 shares, an increase of 347.6% from the August 15th total of 26,592 shares. Based on an average trading volume of 2,526,875 shares, the short-interest ratio is currently 0.0 days. Currently, 0.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Zerostack in a report on Thursday, August 20th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zerostack presently has a consensus rating of “Sell”.

Zerostack Trading Up 15.6%

Shares of Zerostack stock opened at $4.90 on Friday. The company has a market capitalization of $106.92 million, a price-to-earnings ratio of -0.44 and a beta of 2.05. Zerostack has a fifty-two week low of $1.32 and a fifty-two week high of $47.00.

About Zerostack

Flora Growth Corp., a cannabis company, cultivates, processes, and supplies cannabis products to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis oil, and cannabis oil extracts and related products; manufactures and sells skincare and beauty products, such as gel cleanser, eye cream, moisturizer, and hydrating mask; manufactures dermo cosmetic products; and develops and sells pharmaceutical and over-the-counter products, including dietary supplements, phytotherapeutic and nutraceutical products, supplements, and related products.