BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) Short Interest Update

BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 628,000 shares, a growth of 5.1% from the May 31st total of 597,600 shares. Based on an average daily trading volume, of 2,290,000 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On BYND Cannasoft Enterprises

A hedge fund recently raised its stake in BYND Cannasoft Enterprises stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) by 67.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,627,332 shares of the company’s stock after buying an additional 655,555 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in BYND Cannasoft Enterprises were worth $553,000 at the end of the most recent reporting period.

BYND Cannasoft Enterprises Price Performance

BYND Cannasoft Enterprises stock traded up $0.02 during midday trading on Wednesday, hitting $0.62. The stock had a trading volume of 122,307 shares, compared to its average volume of 1,235,743. The company has a quick ratio of 10.83, a current ratio of 10.83 and a debt-to-equity ratio of 0.01. BYND Cannasoft Enterprises has a 12 month low of $0.60 and a 12 month high of $661.20. The business has a fifty day moving average price of $0.85 and a 200 day moving average price of $21.66.

BYND Cannasoft Enterprises (NASDAQ:BCAN) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($91.12) earnings per share for the quarter. The company had revenue of $0.42 million during the quarter.

About BYND Cannasoft Enterprises

BYND Cannasoft Enterprises Inc, through its subsidiaries, develops, markets, and sells proprietary client relationship management software products in Israel. The company owns and markets Benefit CRM, a customer relationship management software product that enables small and medium-sized enterprises to optimize day-to-day functions, such as sales management, personnel management, marketing, call centre, and asset management activities; and develops New Cannabis CRM platform for the medical cannabis industry, as well as manages the construction, licensing, and operation of a cannabis farm and indoor cannabis growing facility.