Cannabix Technologies Inc. (OTCMKTS:BLOZF) Sees Significant Decline in Short Interest

Cannabix Technologies Inc. (OTCMKTS:BLOZF) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,842 shares, a drop of 88.6% from the April 30th total of 42,321 shares. Based on an average daily volume of 127,489 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Cannabix Technologies Price Performance

Shares of OTCMKTS BLOZF opened at $0.50 on Thursday. The stock has a fifty day moving average price of $0.53 and a 200 day moving average price of $0.45. Cannabix Technologies has a 1-year low of $0.33 and a 1-year high of $0.68. The company has a market cap of $61.48 million, a PE ratio of -25.03 and a beta of 1.03.

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.