Cannabix Technologies Inc. (OTCMKTS:BLOZF) Sees Large Increase in Short Interest

Cannabix Technologies Inc. (OTCMKTS:BLOZF) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,240 shares, an increase of 3,633.3% from the August 15th total of 60 shares. Based on an average daily trading volume, of 112,835 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Cannabix Technologies Stock Up 3.8%

Shares of BLOZF traded up $0.01 during mid-day trading on Thursday, hitting $0.31. 72,391 shares of the company’s stock traded hands, compared to its average volume of 106,965. Cannabix Technologies has a 1 year low of $0.27 and a 1 year high of $0.68. The firm has a market capitalization of $38.01 million, a P/E ratio of -15.47 and a beta of 1.01. The business’s 50-day moving average price is $0.38 and its 200-day moving average price is $0.44.

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

Cannabix Technologies Company Profile

Cannabix Technologies Inc is a Canada-based developer of bio­sensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.

The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.