Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Short Interest Update

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 68 shares, a drop of 99.3% from the July 15th total of 10,375 shares. Based on an average daily volume of 533,386 shares, the short-interest ratio is presently 0.0 days.

Decibel Cannabis Price Performance

OTCMKTS DBCCF opened at $0.08 on Wednesday. The firm’s fifty day moving average price is $0.08 and its 200 day moving average price is $0.08. Decibel Cannabis has a 12 month low of $0.06 and a 12 month high of $0.11.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Decibel Cannabis from a “hold” rating to a “buy” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

About Decibel Cannabis

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.