Short Interest in Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Increases By ∞

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,410 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 508,866 shares, the days-to-cover ratio is presently 0.0 days.

Decibel Cannabis Price Performance

Decibel Cannabis stock opened at $0.09 on Tuesday. Decibel Cannabis has a fifty-two week low of $0.06 and a fifty-two week high of $0.11. The firm’s fifty day moving average price is $0.08 and its 200-day moving average price is $0.09.

Wall Street Analyst Weigh In

Separately, TD Securities raised shares of Decibel Cannabis from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Decibel Cannabis

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.