Cronos Group Inc. (NASDAQ:CRON) Short Interest Update

Cronos Group Inc. (NASDAQ:CRON) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,900,000 shares, a decline of 20.7% from the October 15th total of 4,920,000 shares. Based on an average trading volume of 926,700 shares, the short-interest ratio is currently 4.2 days. Approximately 2.0% of the company’s shares are short sold.

Institutional Trading of Cronos Group

Several large investors have recently modified their holdings of CRON. Tidal Investments LLC acquired a new stake in shares of Cronos Group during the 1st quarter valued at approximately $17,217,000. Mackenzie Financial Corp purchased a new stake in Cronos Group during the second quarter valued at about $3,237,000. Dimensional Fund Advisors LP lifted its stake in Cronos Group by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,631,783 shares of the company’s stock worth $6,132,000 after acquiring an additional 192,469 shares in the last quarter. Intact Investment Management Inc. lifted its stake in shares of Cronos Group by 89.1% in the 3rd quarter. Intact Investment Management Inc. now owns 377,890 shares of the company’s stock valued at $836,000 after purchasing an additional 178,100 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Cronos Group by 37.9% in the 2nd quarter. Renaissance Technologies LLC now owns 464,949 shares of the company’s stock valued at $1,083,000 after acquiring an additional 127,753 shares in the last quarter. 8.71% of the stock is currently owned by institutional investors and hedge funds.

Cronos Group Trading Down 2.9 %

Shares of Cronos Group stock traded down $0.06 during trading hours on Friday, reaching $2.01. 1,238,069 shares of the company’s stock were exchanged, compared to its average volume of 1,932,468. The firm has a market capitalization of $768.42 million, a price-to-earnings ratio of -15.92 and a beta of 0.98. Cronos Group has a 52-week low of $1.85 and a 52-week high of $3.14. The company has a fifty day moving average of $2.17 and a 200-day moving average of $2.35.

Cronos Group Company Profile

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.