Cronos Group Inc. (NASDAQ:CRON) Sees Large Increase in Short Interest

Cronos Group Inc. (NASDAQ:CRON) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,680,000 shares, an increase of 6.7% from the November 30th total of 3,450,000 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is currently 3.3 days.

Cronos Group Trading Up 1.5 %

NASDAQ:CRON traded up $0.03 during trading hours on Thursday, hitting $2.05. The stock had a trading volume of 323,916 shares, compared to its average volume of 1,840,500. The business has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $2.19. Cronos Group has a 1-year low of $1.86 and a 1-year high of $3.14. The company has a market cap of $783.70 million, a PE ratio of -15.77 and a beta of 0.99.

Institutional Trading of Cronos Group

Several hedge funds have recently made changes to their positions in CRON. Mackenzie Financial Corp acquired a new stake in Cronos Group in the second quarter worth $3,237,000. International Assets Investment Management LLC increased its holdings in shares of Cronos Group by 119.0% during the third quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock valued at $91,000 after purchasing an additional 22,628 shares during the period. National Bank of Canada FI grew its position in Cronos Group by 1,094.4% in the 2nd quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock valued at $35,000 after buying an additional 13,899 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Cronos Group by 12,309.4% during the 2nd quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock worth $65,000 after buying an additional 27,573 shares in the last quarter. Finally, Renaissance Technologies LLC lifted 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 worth $1,083,000 after acquiring an additional 127,753 shares during the period. Institutional investors own 8.71% of the company’s stock.

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.