MJ Holdings, Inc. (OTCMKTS:MJNE) Sees Significant Drop in Short Interest

MJ Holdings, Inc. (OTCMKTS:MJNE) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,200 shares, a drop of 69.9% from the March 15th total of 7,300 shares. Based on an average daily trading volume, of 115,900 shares, the days-to-cover ratio is currently 0.0 days.

OTCMKTS:MJNE traded down $0.03 during mid-day trading on Wednesday, hitting $0.66. The company had a trading volume of 71,225 shares, compared to its average volume of 169,685. The business has a fifty day simple moving average of $0.71 and a 200-day simple moving average of $0.46. MJ has a 1 year low of $0.07 and a 1 year high of $1.67.

MJ Company Profile

MJ Holdings, Inc operates in the medical marijuana business in Nevada. It offers cultivation management, licensing support, production management, and asset and infrastructure development services for the cannabis industry. MJ Holdings, Inc is headquartered in Las Vegas, Nevada.

Read More: Why do analysts give a neutral rating?

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