Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Sees Large Increase in Short Interest

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 3,858 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average daily trading volume, of 282,977 shares, the days-to-cover ratio is presently 0.0 days.

Decibel Cannabis Trading Up 4.7%

Shares of DBCCF opened at $0.08 on Friday. Decibel Cannabis has a twelve month low of $0.04 and a twelve month high of $0.11. The business’s 50-day moving average price is $0.09 and its 200-day moving average price is $0.08.

Analysts Set New Price Targets

Separately, TD Securities raised Decibel Cannabis from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Decibel Cannabis has an average rating of “Buy”.

About Decibel Cannabis

Decibel Cannabis Company Inc, an integrated cannabis company, engages in the cannabis cultivation, processing, and sale of cannabis flower products in Canada. It is also involved in the extraction, processing, and manufacturing vape cartridges, cannabis infused products, cannabis extracts, and glass tube packaging for pre-rolls. In addition, the company engages in the cannabis retail business through operating operational retail locations in Saskatchewan, as well as an e-commerce cannabis platform throughout the Province of Saskatchewan; and operational retail locations in Alberta.