Short Interest in Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Rises By ∞

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

Wall Street Analyst Weigh In

Separately, TD Securities upgraded 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, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Decibel Cannabis Price Performance

Shares of OTCMKTS DBCCF opened at $0.08 on Wednesday. The stock has a fifty day simple moving average of $0.09 and a two-hundred day simple moving average of $0.08. Decibel Cannabis has a 1-year low of $0.06 and a 1-year 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.