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

Decibel Cannabis Company Inc. (OTCMKTS:DBCCF) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 3,424 shares, a growth of ? from the June 15th total of 0 shares. Based on an average daily volume of 92,154 shares, the days-to-cover ratio is currently 0.0 days.

Decibel Cannabis Stock Up 7.5%

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

Analyst Ratings Changes

Separately, TD Securities upgraded shares of Decibel Cannabis from a “hold” rating to a “buy” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Decibel Cannabis presently has an average rating of “Buy”.

Decibel Cannabis Company Profile

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.