Short Interest in Cansortium Inc. (OTCMKTS:CNTMF) Expands By 291.0%

Cansortium Inc. (OTCMKTS:CNTMF) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 104,000 shares, an increase of 291.0% from the July 31st total of 26,600 shares. Based on an average daily trading volume, of 251,900 shares, the days-to-cover ratio is currently 0.4 days.

Cansortium Price Performance

Cansortium stock traded down $0.02 during trading hours on Tuesday, hitting $0.13. The stock had a trading volume of 519,969 shares, compared to its average volume of 300,231. Cansortium has a one year low of $0.06 and a one year high of $0.29. The business’s 50 day simple moving average is $0.13 and its 200-day simple moving average is $0.17.

Cansortium Company Profile

Cansortium Inc, through its subsidiaries, produces and sells medical cannabis in Florida, Pennsylvania, and Texas. The company's medical cannabis products are offered in oral drops, capsules, topicals, syringes, dried flower, pre-rolls, cartridges, and edibles under the Fluent brand name. It also sells various third-party branded medical cannabis products.