CNBX Pharmaceuticals Inc. (OTCMKTS:CNBX) Sees Significant Drop in Short Interest

CNBX Pharmaceuticals Inc. (OTCMKTS:CNBX) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 40,001 shares, a drop of 46.7% from the January 29th total of 74,980 shares. Based on an average trading volume of 2,958,451 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 2,958,451 shares, the short-interest ratio is currently 0.0 days.

CNBX Pharmaceuticals Price Performance

CNBX remained flat at $0.00 during trading on Friday. 175,033 shares of the company’s stock traded hands, compared to its average volume of 21,213,670. CNBX Pharmaceuticals has a 1-year low of $0.00 and a 1-year high of $0.01.

CNBX Pharmaceuticals Company Profile

CNBX Pharmaceuticals Inc is a clinical-stage pharmaceutical company focused on the research and development of synthetic cannabinoid-based drug candidates. The company’s proprietary platform applies medicinal chemistry techniques to design novel small-molecule analogs of naturally occurring cannabinoids, aiming to improve efficacy and safety compared with existing therapies. Its pipeline includes multiple preclinical compounds targeting neuropathic and chronic pain, with a goal of advancing these candidates through IND-enabling studies.

Headquartered in Costa Mesa, California, CNBX Pharmaceuticals collaborates with contract research organizations and academic partners to conduct pharmacology and toxicology studies as well as scale up manufacturing processes.