Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 2,800 shares, a drop of 96.5% from the August 15th total of 80,800 shares. Based on an average daily trading volume, of 266,400 shares, the short-interest ratio is presently 0.0 days.
Shares of Decibel Cannabis stock opened at $0.21 on Wednesday. The company has a 50 day moving average price of $0.25 and a 200 day moving average price of $0.20. Decibel Cannabis has a 52 week low of $0.05 and a 52 week high of $0.30.
Separately, Raymond James assumed coverage on shares of Decibel Cannabis in a report on Thursday, August 19th. They issued an “outperform” rating on the stock.
Decibel Cannabis Company Inc engages in the cultivation, processing, production, and retail sale of cannabis products in Canada. It offers cannabis flower, cannabis pre-rolls, and cannabis biomass to licensed producers in Canada. The company is also involved in the extraction, processing, and manufacturing of various cannabis derivative products.
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