Cansortium Inc. (OTCMKTS:CNTMF) Sees Large Growth in Short Interest

Cansortium Inc. (OTCMKTS:CNTMF) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 44,900 shares, an increase of 75.4% from the October 15th total of 25,600 shares. Based on an average trading volume of 273,300 shares, the days-to-cover ratio is presently 0.2 days.

Cansortium Stock Performance

Shares of CNTMF remained flat at $0.09 during mid-day trading on Wednesday. 133,684 shares of the stock traded hands, compared to its average volume of 275,240. The company has a fifty day moving average of $0.16 and a 200-day moving average of $0.15. Cansortium has a 1-year low of $0.08 and a 1-year high of $0.29.

Cansortium Company Profile

Cansortium Inc, through its subsidiaries, produces and sells medical cannabis in Florida, Pennsylvania, and Texas. The company's medical cannabis products are offered in oral drops, capsules, topicals, syringes, dried flower, pre-rolls, cartridges, and edibles under the Fluent brand name. It also sells various third-party branded medical cannabis products.