Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Sees Large Decline in Short Interest

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 26,400 shares, a decline of 75.6% from the July 15th total of 108,100 shares. Based on an average daily trading volume, of 152,400 shares, the days-to-cover ratio is presently 0.2 days.

Decibel Cannabis Stock Performance

Decibel Cannabis stock remained flat at $0.04 during mid-day trading on Tuesday. The company had a trading volume of 362,143 shares, compared to its average volume of 142,588. Decibel Cannabis has a 1 year low of $0.03 and a 1 year high of $0.14. The stock’s 50-day moving average is $0.04 and its 200 day moving average is $0.07.

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.