Decibel Cannabis Company Inc. (OTCMKTS:DBCCF – Get Free Report) saw a large drop in short interest during the month of 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 trading volume of 533,386 shares, the short-interest ratio is currently 0.0 days.
Decibel Cannabis Stock Performance
Shares of DBCCF stock opened at $0.08 on Thursday. The stock’s 50-day moving average price is $0.08 and its 200 day moving average price is $0.08. Decibel Cannabis has a 52-week low of $0.06 and a 52-week high of $0.11.
Analyst Upgrades and Downgrades
Separately, TD Securities upgraded 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, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.
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.
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