Short Interest in Cannabix Technologies Inc. (OTCMKTS:BLOZF) Drops By 99.8%

Cannabix Technologies Inc. (OTCMKTS:BLOZF) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 60 shares, a decline of 99.8% from the May 31st total of 29,566 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 180,268 shares, the short-interest ratio is currently 0.0 days.

Cannabix Technologies Stock Performance

Shares of BLOZF stock opened at $0.39 on Friday. Cannabix Technologies has a fifty-two week low of $0.33 and a fifty-two week high of $0.68. The stock has a 50 day moving average price of $0.48 and a two-hundred day moving average price of $0.46. The company has a market capitalization of $47.63 million, a P/E ratio of -19.38 and a beta of 0.96.

About Cannabix Technologies

Cannabix Technologies Inc is a Canada-based developer of bio­sensor technologies focused on the rapid, non-invasive detection of cannabis impairment. The company’s flagship product is a handheld breathalyzer device designed to identify recent use of tetrahydrocannabinol (THC) within minutes of exhalation, offering law enforcement agencies, public safety organizations and workplace safety departments a potential tool to assess impairment in real time.

The Cannabix breathalyzer employs proprietary sensor arrays and on-board algorithms to distinguish THC molecules in breath samples, delivering results without the need for laboratory analysis.