Short Interest in MediPharm Labs Corp. (OTCMKTS:MEDIF) Drops By 31.3%

MediPharm Labs Corp. (OTCMKTS:MEDIF) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 293,300 shares, a drop of 31.3% from the February 13th total of 426,700 shares. Based on an average trading volume of 142,600 shares, the days-to-cover ratio is presently 2.1 days.

MediPharm Labs Price Performance

MEDIF stock traded up $0.00 during midday trading on Monday, hitting $0.06. 106,020 shares of the company’s stock were exchanged, compared to its average volume of 85,576. The business has a 50-day simple moving average of $0.05 and a two-hundred day simple moving average of $0.05. MediPharm Labs has a 1-year low of $0.04 and a 1-year high of $0.07.

About MediPharm Labs

MediPharm Labs Corp., a pharmaceutical company, engages in the production and sale of purified, pharmaceutical-quality cannabis extracts, concentrates, active pharmaceutical ingredients, and advanced derivative products in Canada, Australia, Germany, and internationally. The company formulates, processes, packages, and distributes cannabis active ingredients and advanced cannabinoid-based products.