InterCure Ltd. (NASDAQ:INCR – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 31,467 shares, a growth of 312.7% from the April 15th total of 7,624 shares. Based on an average daily trading volume, of 68,401 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of InterCure in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Get Our Latest Stock Report on INCR
InterCure Stock Up 3.2%
InterCure (NASDAQ:INCR – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $23.15 million during the quarter.
About InterCure
InterCure Ltd is an Israel-based medical cannabis company publicly listed on the Nasdaq Capital Market under the ticker INCR. The company’s operations span the entire value chain of medical cannabis, from the development of proprietary seed strains and controlled cultivation in a GMP-compliant facility to laboratory testing, cannabinoid extraction and formulation. InterCure serves licensed pharmacies and clinics within Israel and adheres to the regulatory framework established by the Israeli Ministry of Health.
Founded in 2013, InterCure has built a vertically integrated platform that supports both patient care and research initiatives.
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