Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Sees Significant Growth in Short Interest

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 3,424 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 92,154 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Decibel Cannabis Stock Performance

OTCMKTS:DBCCF traded up $0.00 during trading hours on Friday, reaching $0.08. The stock had a trading volume of 388,625 shares, compared to its average volume of 159,885. The stock has a 50 day simple moving average of $0.09 and a 200 day simple moving average of $0.08. Decibel Cannabis has a 12-month low of $0.06 and a 12-month high of $0.11.

Decibel Cannabis Company Profile

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.