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

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

Cannabix Technologies Stock Performance

BLOZF opened at $0.34 on Wednesday. The company’s 50-day simple moving average is $0.30 and its two-hundred day simple moving average is $0.41. The stock has a market capitalization of $42.09 million, a P/E ratio of -17.13 and a beta of 0.97. Cannabix Technologies has a 52-week low of $0.20 and a 52-week high of $0.68.

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

About Cannabix Technologies

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.