Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Sees Large Increase in Short Interest

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,858 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average daily trading volume, of 282,977 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, TD Securities upgraded Decibel Cannabis from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Decibel Cannabis Price Performance

Shares of OTCMKTS:DBCCF opened at $0.08 on Friday. The company’s fifty day moving average price is $0.09 and its 200-day moving average price is $0.08. Decibel Cannabis has a one year low of $0.04 and a one year high of $0.11.

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.