Cannabix Technologies Inc. (OTCMKTS:BLOZF) Stock Short Interest Falls 97.3%

Cannabix Technologies Inc. (OTCMKTS:BLOZF) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 60 shares, a decrease of 97.3% from the August 31st total of 2,240 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 186,089 shares, the days-to-cover ratio is presently 0.0 days.

Cannabix Technologies Stock Performance

Shares of BLOZF stock traded down $0.00 during trading on Thursday, hitting $0.29. 53,065 shares of the company were exchanged, compared to its average volume of 106,560. The business’s 50-day simple moving average is $0.35 and its 200 day simple moving average is $0.43. Cannabix Technologies has a twelve month low of $0.23 and a twelve month high of $0.68. The firm has a market capitalization of $35.35 million, a price-to-earnings ratio of -14.39 and a beta of 1.01.

Cannabix Technologies (OTCMKTS:BLOZF) last released its quarterly earnings data on Friday, August 28th. The company reported ($0.01) earnings per share for the quarter.

Cannabix Technologies Company Profile

Cannabix Technologies Inc is a Canadian technology company focused on developing breath-based drug-screening systems. Its primary product initiative is the Cannabix Marijuana Breathalyzer, designed to detect recent cannabis use by identifying tetrahydrocannabinol (THC) in a breath sample.

The company’s technology is intended for potential use by law enforcement, workplaces, and other organizations seeking a portable method for screening cannabis impairment or recent consumption. Cannabix has described its systems as incorporating specialized breath-sampling and analytical technologies, although product development and commercialization remain subject to testing, validation, and applicable regulatory requirements.

Cannabix Technologies was established in the mid-2010s and is headquartered in Vancouver, British Columbia.