Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) Short Interest Update

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 2,410 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 508,866 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, TD Securities raised shares of Decibel Cannabis from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Decibel Cannabis Stock Performance

Shares of OTCMKTS DBCCF opened at $0.09 on Wednesday. Decibel Cannabis has a 12-month low of $0.06 and a 12-month high of $0.11. The firm’s 50-day simple moving average is $0.08 and its 200 day simple moving average is $0.09.

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.