Avicanna Inc. (OTCMKTS:AVCNF) Shares Shorted: Short Interest Down 57.9% in September

Avicanna Inc. (OTCMKTS:AVCNF) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 88,700 shares, a decline of 57.9% from the September 15th total of 210,600 shares. Based on an average trading volume of 104,309 shares, the short-interest ratio is presently 0.9 days.

Avicanna Price Performance

Avicanna stock opened at $0.08 on Wednesday. The business’s fifty day moving average is $0.08 and its two-hundred day moving average is $0.09. Avicanna has a 52 week low of $0.06 and a 52 week high of $0.21.

Avicanna Company Profile

Avicanna Inc is a biopharmaceutical company focused on the development, manufacture and commercialization of cannabinoid-based products and therapies. The company applies pharmaceutical research and formulation expertise to create products designed for medical, wellness and consumer applications.

Avicanna’s activities include cannabinoid research, cultivation and processing support, product formulation, clinical development and commercialization. Its offerings have included medical cannabis products, pharmaceutical preparations and cannabinoid-based topical and wellness products, including products marketed under the RHO Phyto brand in Canada.

The company has historically maintained operations and commercial relationships in Canada and Colombia, supporting its research, cultivation, manufacturing and distribution activities.