Zerostack Corp. (NASDAQ:ZSTK – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 119,032 shares, a growth of 347.6% from the August 15th total of 26,592 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 2,526,875 shares, the short-interest ratio is presently 0.0 days.
Zerostack Stock Performance
Shares of NASDAQ ZSTK opened at $4.84 on Friday. The firm has a market capitalization of $105.61 million, a PE ratio of -0.44 and a beta of 2.05. Zerostack has a 12-month low of $1.32 and a 12-month high of $47.00.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings started coverage on shares of Zerostack in a research note on Thursday, August 20th. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
About Zerostack
Flora Growth Corp., a cannabis company, cultivates, processes, and supplies cannabis products to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis oil, and cannabis oil extracts and related products; manufactures and sells skincare and beauty products, such as gel cleanser, eye cream, moisturizer, and hydrating mask; manufactures dermo cosmetic products; and develops and sells pharmaceutical and over-the-counter products, including dietary supplements, phytotherapeutic and nutraceutical products, supplements, and related products.
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