MediPharm Labs Corp. (OTCMKTS:MEDIF) Stock Short Interest Climbs 91.3%

MediPharm Labs Corp. (OTCMKTS:MEDIF) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,907 shares, an increase of 91.3% from the September 30th total of 997 shares. Based on an average daily volume of 68,189 shares, the days-to-cover ratio is presently 0.0 days.

MediPharm Labs Stock Performance

Shares of OTCMKTS MEDIF opened at $0.05 on Friday. The stock’s 50-day simple moving average is $0.05 and its two-hundred day simple moving average is $0.05. MediPharm Labs has a twelve month low of $0.04 and a twelve month high of $0.08.

MediPharm Labs Company Profile

MediPharm Labs Corp. is a Canadian cannabis company focused on extraction, purification, formulation, and contract manufacturing. Rather than primarily selling cannabis directly to consumers, the company provides business-to-business services and products for licensed cannabis producers, pharmaceutical companies, and other commercial partners.

Its operations include processing cannabis biomass into purified cannabis oils and concentrates, developing cannabinoid formulations, and manufacturing products such as vape oils, oral formulations, and other cannabis-based products.