Cronos Group Inc. (NASDAQ:CRON) Short Interest Down 5.7% in November

Cronos Group Inc. (NASDAQ:CRON) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,450,000 shares, a decrease of 5.7% from the November 15th total of 3,660,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 3.4 days. Approximately 1.7% of the shares of the company are sold short.

Institutional Trading of Cronos Group

A number of large investors have recently bought and sold shares of CRON. National Bank of Canada FI lifted its stake in shares of Cronos Group by 1,094.4% in the 2nd quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock worth $35,000 after acquiring an additional 13,899 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Cronos Group in the 3rd quarter worth $37,000. Headlands Technologies LLC lifted its stake in shares of Cronos Group by 12,309.4% in the 2nd quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock worth $65,000 after acquiring an additional 27,573 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Cronos Group in the 2nd quarter worth $87,000. Finally, Cedar Wealth Management LLC lifted its stake in shares of Cronos Group by 65.4% in the 2nd quarter. Cedar Wealth Management LLC now owns 37,935 shares of the company’s stock worth $88,000 after acquiring an additional 15,000 shares during the period. Institutional investors and hedge funds own 8.71% of the company’s stock.

Cronos Group Price Performance

Shares of NASDAQ:CRON opened at $1.95 on Wednesday. The stock has a market cap of $745.48 million, a P/E ratio of -15.00 and a beta of 0.99. The firm has a fifty day moving average price of $2.10 and a 200 day moving average price of $2.23. Cronos Group has a 1-year low of $1.86 and a 1-year high of $3.14.

Cronos Group Company Profile

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.