Cannabix Technologies Inc. (OTCMKTS:BLOZF) Stock Short Interest Declines 97.8%

Cannabix Technologies Inc. (OTCMKTS:BLOZF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 160 shares, a decline of 97.8% from the September 30th total of 7,305 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 418,162 shares, the short-interest ratio is presently 0.0 days.

Cannabix Technologies Stock Performance

Shares of OTCMKTS:BLOZF traded up $0.00 during midday trading on Monday, hitting $0.34. 155,807 shares of the stock were exchanged, compared to its average volume of 111,906. The stock has a market capitalization of $41.40 million, a price-to-earnings ratio of -16.85 and a beta of 0.97. The business’s 50-day moving average price is $0.30 and its 200 day moving average price is $0.40. Cannabix Technologies has a 12 month low of $0.20 and a 12 month high of $0.68.

Cannabix Technologies (OTCMKTS:BLOZF) last issued its quarterly earnings data on Friday, August 28th. The company reported ($0.01) earnings per share (EPS) for the quarter.

About Cannabix Technologies

Cannabix Technologies Inc is a Canadian technology company focused on developing breath-analysis systems designed to detect recent cannabis and drug use. Its primary product platform is the Cannabix Marijuana Breathalyzer, which is intended to identify THC in a breath sample and support roadside, workplace, and other safety-sensitive testing applications.

The company’s technology is designed to collect and analyze breath using specialized sampling and detection methods. Cannabix has also developed related breath-testing platforms, including systems intended to detect other drugs and alcohol.