Cannabix Technologies Inc. (OTCMKTS:BLOZF) Sees Significant Decline in Short Interest

Cannabix Technologies Inc. (OTCMKTS:BLOZF) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,842 shares, a decrease of 88.6% from the April 30th total of 42,321 shares. Based on an average daily volume of 127,489 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Cannabix Technologies Stock Performance

Cannabix Technologies stock traded up $0.02 during trading hours on Friday, reaching $0.50. 21,546 shares of the company’s stock traded hands, compared to its average volume of 130,948. Cannabix Technologies has a fifty-two week low of $0.33 and a fifty-two week high of $0.68. The firm has a market capitalization of $61.36 million, a price-to-earnings ratio of -24.98 and a beta of 1.03. The firm’s 50 day moving average is $0.53 and its 200-day moving average is $0.45.

About Cannabix Technologies

Cannabix Technologies Inc is a Canada-based developer of bio­sensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.

The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.