InterCure Ltd. (NASDAQ:INCR - Get Free Report) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 27,400 shares, a decrease of 33.3% from the January 31st total of 41,100 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily trading volume, of 32,700 shares, the days-to-cover ratio is presently 0.8 days.
InterCure Stock Performance
INCR traded up $0.06 during trading on Wednesday, reaching $1.63. 62,152 shares of the stock traded hands, compared to its average volume of 42,432. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.78. The stock's 50-day moving average is $1.65 and its 200 day moving average is $1.69. InterCure has a 12 month low of $1.17 and a 12 month high of $3.72.
Institutional Investors Weigh In On InterCure
A number of hedge funds have recently added to or reduced their stakes in INCR. Jane Street Group LLC bought a new stake in shares of InterCure during the third quarter valued at approximately $49,000. Virtu Financial LLC acquired a new stake in InterCure in the 3rd quarter valued at $43,000. Finally, Moore Capital Management LP bought a new stake in InterCure during the 4th quarter valued at $156,000. 8.34% of the stock is currently owned by institutional investors.
About InterCure
(
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InterCure Ltd., together with its subsidiaries, engages in the research, cultivation, production, and distribution of pharmaceutical-grade cannabis and cannabis-based products for medical use in Israel and internationally. The company offers dried cannabis inflorescences and cannabis extract mixed with oil.
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