Today’s Stock On Watch: CANNLABS INCORPORATED (OTCMKTS:CANL) Short Interest Increased By 500%

November 28, 2016 - By Dolores Ford   ·   0 Comments

Today's Stock On Watch: CANNLABS INCORPORATED (OTCMKTS:CANL) Short Interest Increased By 500%

The stock of CANNLABS INCORPORATED (OTCMKTS:CANL) registered an increase of 500% in short interest. CANL’s total short interest was 5,400 shares in November as published by FINRA. Its up 500% from 900 shares, reported previously. With 80,300 shares average volume, it will take short sellers 0 days to cover their CANL’s short positions. The stock last traded at $0.28 per share. It is down 25.93% since April 25, 2016 and is downtrending. It has underperformed by 31.94% the S&P500.

CannLabs, Inc. is an authority and advisor to commercial, Governmental and educational entities focused on the cannabis industry. The company has a market cap of $14.20 million. The Company, through Carbon Bond Holdings, Inc., licenses cannabis testing methodologies, proprietary cloud business intelligence, data/analytics and consulting services to garner revenues from legalized cannabis states and their constituents. It currently has negative earnings. The Firm has licensed cannabis-testing laboratories in Colorado and Connecticut and robust intellectual property, including the patent-pending technology utilized in its Web application, StrainData.

CANL Company Profile

CannLabs, Inc. (CannLabs), incorporated on January 10, 2006, is an authority and advisor to commercial, Governmental and educational entities focused on the cannabis industry. The Company, through Carbon Bond Holdings, Inc., licenses cannabis testing methodologies, proprietary cloud business intelligence, data/analytics and consulting services to garner revenues from legalized cannabis states and their constituents.

More notable recent Cannlabs Inc (OTCMKTS:CANL) news were published by: Globenewswire.com which released: “CannLabs, Inc. Announces Powerful New Marijuana Web Application” on January 28, 2015, also Denverpost.com with their article: “CannLabs shuts down Colorado pot-testing facility, lays off workers” published on November 25, 2015, Courant.com published: “Company Plans To Open Medical Marijuana Lab In Hartford” on August 06, 2014. More interesting news about Cannlabs Inc (OTCMKTS:CANL) were released by: Globenewswire.com and their article: “CannLabs Partners With Amercanex the First Fully Electronic Cannabis Marketplace” published on April 07, 2015 as well as Globenewswire.com‘s news article titled: “Mark Mirken Resumes Role As CEO of CannLabs” with publication date: October 06, 2015.

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By Dolores Ford


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