Cronos Group Inc. (NASDAQ:CRON - Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 3,680,000 shares, a growth of 6.7% from the November 30th total of 3,450,000 shares. Currently, 1.8% of the company's stock are short sold. Based on an average daily trading volume, of 1,110,000 shares, the short-interest ratio is currently 3.3 days.
Institutional Trading of Cronos Group
A number of institutional investors have recently bought and sold shares of CRON. ClariVest Asset Management LLC lifted its stake in shares of Cronos Group by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 273,184 shares of the company's stock valued at $637,000 after purchasing an additional 7,362 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Cronos Group by 1,094.4% during the 2nd 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 in the last quarter. Cedar Wealth Management LLC boosted its stake in shares of Cronos Group by 65.4% during the 2nd 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 in the last quarter. Quantbot Technologies LP acquired a new position in shares of Cronos Group during the 3rd quarter valued at about $37,000. Finally, International Assets Investment Management LLC raised its stake 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 acquiring an additional 22,628 shares in the last quarter. Institutional investors and hedge funds own 8.71% of the company's stock.
Cronos Group Price Performance
Cronos Group stock traded up $0.04 during trading hours on Thursday, hitting $2.06. The company had a trading volume of 1,802,401 shares, compared to its average volume of 1,840,500. Cronos Group has a fifty-two week low of $1.86 and a fifty-two week high of $3.14. The firm has a market capitalization of $787.53 million, a P/E ratio of -15.85 and a beta of 0.99. The firm's fifty day moving average is $2.05 and its 200-day moving average is $2.19.
About Cronos Group
(
Get Free Report)
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.
Featured Articles
Before you consider Cronos Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cronos Group wasn't on the list.
While Cronos Group currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
