Cronos Group Inc. (NASDAQ:CRON) Short Interest Down 5.7% in November

Cronos Group Inc. (NASDAQ:CRON) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 3,450,000 shares, a drop of 5.7% from the November 15th total of 3,660,000 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is currently 3.4 days. Approximately 1.7% of the shares of the company are sold short.

Cronos Group Stock Up 1.0 %

Shares of CRON opened at $1.95 on Wednesday. The company has a 50-day simple moving average of $2.10 and a 200-day simple moving average of $2.23. The company has a market capitalization of $745.48 million, a PE ratio of -15.00 and a beta of 0.99. Cronos Group has a 52-week low of $1.86 and a 52-week high of $3.14.

Hedge Funds Weigh In On Cronos Group

Large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp purchased a new position in shares of Cronos Group in the 2nd quarter valued at about $3,237,000. International Assets Investment Management LLC increased its holdings in shares of Cronos Group by 119.0% in the 3rd quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock valued at $91,000 after purchasing an additional 22,628 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Cronos Group by 1,094.4% in the 2nd quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock valued at $35,000 after purchasing an additional 13,899 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Cronos Group by 12,309.4% in the 2nd quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock valued at $65,000 after purchasing an additional 27,573 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Cronos Group by 37.9% in the 2nd quarter. Renaissance Technologies LLC now owns 464,949 shares of the company’s stock valued at $1,083,000 after purchasing an additional 127,753 shares in the last quarter. Hedge funds and other institutional investors own 8.71% of the company’s stock.

About Cronos Group

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.