Short Interest in BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) Rises By 5.1%

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

BYND Cannasoft Enterprises Stock Up 3.1 %

Shares of BCAN traded up $0.02 during trading hours on Wednesday, hitting $0.62. 122,307 shares of the company were exchanged, compared to its average volume of 1,235,743. The firm’s 50 day moving average is $0.85 and its 200-day moving average is $21.66. BYND Cannasoft Enterprises has a 52 week low of $0.60 and a 52 week high of $661.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.83 and a current ratio of 10.83.

BYND Cannasoft Enterprises (NASDAQ:BCAN) last announced its earnings results 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.

Institutional Trading of BYND Cannasoft Enterprises

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

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.