Cannabix Technologies Inc. (OTCMKTS:BLOZF) Stock Short Interest Declines 97.8%

Cannabix Technologies Inc. (OTCMKTS:BLOZF) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 160 shares, a decrease of 97.8% from the September 30th total of 7,305 shares. Based on an average daily volume of 418,162 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Cannabix Technologies Price Performance

OTCMKTS BLOZF traded up $0.00 during mid-day trading on Monday, reaching $0.34. 155,807 shares of the stock were exchanged, compared to its average volume of 111,906. Cannabix Technologies has a one year low of $0.20 and a one year high of $0.68. The stock has a 50 day simple moving average of $0.30 and a 200-day simple moving average of $0.40. The stock has a market cap of $41.40 million, a P/E ratio of -16.85 and a beta of 0.97.

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

Cannabix Technologies Company Profile

Cannabix Technologies Inc is a Canadian technology company focused on developing breath-analysis systems designed to detect recent cannabis and drug use. Its primary product platform is the Cannabix Marijuana Breathalyzer, which is intended to identify THC in a breath sample and support roadside, workplace, and other safety-sensitive testing applications.

The company’s technology is designed to collect and analyze breath using specialized sampling and detection methods. Cannabix has also developed related breath-testing platforms, including systems intended to detect other drugs and alcohol.