VIVO Cannabis Inc (OTCMKTS:VVCIF) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 628,900 shares, a growth of 32.3% from the August 15th total of 475,300 shares. Based on an average trading volume of 222,900 shares, the days-to-cover ratio is presently 2.8 days.
Separately, Clarus Securities restated a “buy” rating and issued a $0.70 target price on shares of VIVO Cannabis in a research note on Monday, August 17th.
Shares of VIVO Cannabis stock opened at $0.15 on Thursday. VIVO Cannabis has a 1-year low of $0.11 and a 1-year high of $0.40. The firm’s 50-day moving average price is $0.18 and its two-hundred day moving average price is $0.17.
About VIVO Cannabis
VIVO Cannabis Inc manufactures and distributes medical cannabis. The company was formerly known as ABcann Global Corporation and changed its name to VIVO Cannabis Inc in August 2018. The company is headquartered in Napanee, Canada.
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