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

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 68 shares, a decline of 99.3% from the July 15th total of 10,375 shares. Based on an average daily volume of 533,386 shares, the short-interest ratio is presently 0.0 days.

Decibel Cannabis Stock Up 6.1%

Shares of DBCCF stock traded up $0.00 during mid-day trading on Tuesday, hitting $0.08. The stock had a trading volume of 1,120,490 shares, compared to its average volume of 165,831. The company’s 50-day simple moving average is $0.08 and its 200-day simple moving average is $0.08. Decibel Cannabis has a fifty-two week low of $0.06 and a fifty-two week high of $0.11.

Analyst Ratings Changes

Separately, TD Securities upgraded Decibel Cannabis from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus 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.