Short Interest in Cansortium Inc. (OTCMKTS:CNTMF) Declines By 58.5%

Cansortium Inc. (OTCMKTS:CNTMF) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 23,111 shares, a decrease of 58.5% from the July 15th total of 55,656 shares. Based on an average trading volume of 548,955 shares, the days-to-cover ratio is presently 0.0 days.

Cansortium Stock Performance

Cansortium stock opened at $0.02 on Monday. The firm has a 50 day simple moving average of $0.02 and a 200 day simple moving average of $0.03. Cansortium has a 1-year low of $0.00 and a 1-year high of $0.08.

Cansortium Company Profile

Cansortium, Inc (OTCMKTS:CNTMF) is a vertically integrated cannabis company engaged in the cultivation, manufacturing, distribution and retail of medical cannabis products in the United States. The company’s operations span from seed to sale, with dedicated cultivation facilities, extraction labs and a network of dispensaries serving registered patients.

Cansortium holds licenses and operates in multiple jurisdictions, including Florida, Pennsylvania, Louisiana, Texas and Puerto Rico. Its product portfolio encompasses cannabis flower, pre-rolls, concentrates, vape cartridges, oils, edibles and topicals, offered under brands such as The+Source, Chroma and Campfire, alongside its private-label formulations.

Founded in 2017 and headquartered in Miami, Cansortium began dispensary operations in Florida in 2018 and has since expanded its footprint into new markets.