Cannabix Technologies Inc. (OTCMKTS:BLOZF) Sees Significant Drop in Short Interest

Cannabix Technologies Inc. (OTCMKTS:BLOZF) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 160 shares, a decrease of 97.8% from the September 30th total of 7,305 shares. Currently, 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 currently 0.0 days.

Cannabix Technologies Price Performance

BLOZF opened at $0.34 on Tuesday. The company’s 50 day simple moving average is $0.30 and its two-hundred day simple moving average is $0.41. Cannabix Technologies has a 1-year low of $0.20 and a 1-year high of $0.68. The firm has a market capitalization of $41.40 million, a price-to-earnings ratio of -16.85 and a beta of 0.97.

Cannabix Technologies (OTCMKTS:BLOZF) last posted its quarterly earnings results 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.