Short Interest in Cronos Group Inc. (NASDAQ:CRON) Expands By 6.7%

Cronos Group Inc. (NASDAQ:CRON) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 3,680,000 shares, an increase of 6.7% from the November 30th total of 3,450,000 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Trading of Cronos Group

Hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its position in shares of Cronos Group by 1,094.4% in the second quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock worth $35,000 after acquiring an additional 13,899 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Cronos Group during the 3rd quarter valued at $37,000. Headlands Technologies LLC raised its position 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 worth $65,000 after buying an additional 27,573 shares during the period. CIBC Asset Management Inc acquired a new position in Cronos Group in the second quarter valued at $87,000. Finally, Cedar Wealth Management LLC increased its stake in Cronos Group by 65.4% during the second quarter. Cedar Wealth Management LLC now owns 37,935 shares of the company’s stock worth $88,000 after acquiring an additional 15,000 shares during the last quarter. 8.71% of the stock is owned by institutional investors and hedge funds.

Cronos Group Trading Up 1.5 %

Shares of Cronos Group stock traded up $0.03 during mid-day trading on Thursday, hitting $2.05. 323,916 shares of the stock were exchanged, compared to its average volume of 1,840,500. Cronos Group has a twelve month low of $1.86 and a twelve month high of $3.14. The stock has a market capitalization of $783.70 million, a price-to-earnings ratio of -15.77 and a beta of 0.99. The company has a 50-day simple moving average of $2.05 and a 200 day simple moving average of $2.19.

Cronos Group Company Profile

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.