BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN – Get Free Report) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 16,700 shares, a decline of 84.9% from the February 29th total of 110,500 shares. Based on an average trading volume of 201,500 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. MBE Wealth Management LLC purchased a new position in shares of BYND Cannasoft Enterprises during the 3rd quarter worth $39,000. Vident Investment Advisory LLC purchased a new stake in BYND Cannasoft Enterprises in the 4th quarter valued at about $345,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in BYND Cannasoft Enterprises by 71.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 664,155 shares of the company’s stock valued at $2,192,000 after buying an additional 277,541 shares during the period.
BYND Cannasoft Enterprises Trading Down 8.3 %
NASDAQ BCAN opened at $1.43 on Thursday. BYND Cannasoft Enterprises has a 52 week low of $1.20 and a 52 week high of $731.50. The business’s fifty day simple moving average is $29.22 and its 200-day simple moving average is $104.46.
BYND Cannasoft Enterprises Company Profile
BYND Cannasoft Enterprises Inc, through its subsidiaries, develops, markets, and sells proprietary client relationship management software products in Israel. The company owns and markets Benefit CRM, a customer relationship management software product that enables small and medium-sized enterprises to optimize day-to-day functions, such as sales management, personnel management, marketing, call centre, and asset management activities; and develops New Cannabis CRM platform for the medical cannabis industry, as well as manages the construction, licensing, and operation of a cannabis farm and indoor cannabis growing facility.
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