Short Interest in Cronos Group Inc. (NASDAQ:CRON) Drops By 5.7%

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

Cronos Group Stock Up 0.3 %

CRON stock traded up $0.01 during trading on Tuesday, hitting $1.94. The company had a trading volume of 309,100 shares, compared to its average volume of 1,850,295. The firm has a 50-day moving average price of $2.10 and a 200-day moving average price of $2.24. Cronos Group has a 12 month low of $1.86 and a 12 month high of $3.14. The stock has a market cap of $739.74 million, a price-to-earnings ratio of -14.85 and a beta of 0.99.

Institutional Trading of Cronos Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. ClariVest Asset Management LLC boosted its stake in Cronos Group by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 273,184 shares of the company’s stock worth $637,000 after purchasing an additional 7,362 shares during the period. National Bank of Canada FI boosted its stake in 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 purchasing an additional 13,899 shares during the period. Cedar Wealth Management LLC grew its holdings 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 valued at $88,000 after acquiring an additional 15,000 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Cronos Group in the 3rd quarter valued at about $37,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Cronos Group by 119.0% in the 3rd quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock valued at $91,000 after acquiring an additional 22,628 shares in the last quarter. Institutional investors own 8.71% of the company’s stock.

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.