Indiva Limited (OTCMKTS:NDVAF) Short Interest Up 90.3% in May

Indiva Limited (OTCMKTS:NDVAFGet Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 5,900 shares, a growth of 90.3% from the April 30th total of 3,100 shares. Based on an average daily volume of 24,000 shares, the days-to-cover ratio is currently 0.2 days.

NDVAF stock opened at $0.16 on Friday. The company’s 50 day moving average price is $0.20 and its 200 day moving average price is $0.22. Indiva has a fifty-two week low of $0.16 and a fifty-two week high of $0.44.

Separately, Raymond James reduced their price target on shares of Indiva from C$1.25 to C$0.60 in a research report on Thursday, April 21st.

Indiva Company Profile (Get Rating)

Indiva Limited engages in the production, processing, and sale of cannabis and cannabis related products in Canada. It offers pre-rolls, flower, capsules, and edible and extract products under the INDIVA and Artisan Batch brands, as well as provides production and manufacturing services to peer entities.

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