MJ Holdings, Inc. (OTCMKTS:MJNE) Short Interest Up 282.3% in August

MJ Holdings, Inc. (OTCMKTS:MJNE) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 30,200 shares, an increase of 282.3% from the August 15th total of 7,900 shares. Based on an average trading volume of 167,000 shares, the short-interest ratio is currently 0.2 days.

Shares of MJNE stock traded down $0.05 during trading hours on Friday, reaching $0.43. The stock had a trading volume of 85,302 shares, compared to its average volume of 112,278. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.48 and a quick ratio of 2.48. The stock’s fifty day simple moving average is $0.37 and its 200 day simple moving average is $0.48. MJ has a 12 month low of $0.09 and a 12 month high of $1.67.

MJ (OTCMKTS:MJNE) last released its earnings results on Wednesday, August 25th. The company reported ($0.01) earnings per share for the quarter. MJ had a return on equity of 137.87% and a net margin of 525.43%. The business had revenue of $0.21 million during the quarter.

MJ Company Profile

MJ Holdings, Inc operates as a cannabis holding company which provides services to the regulated cannabis industry. It offers cultivation management, licensing support, production management, asset and infrastructure development services. The company was founded by Kwajo Mensah Sarfoh and Paris Balaouras on November 17, 2006 and is headquartered in Las Vegas, NV.

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