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

BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) was the target of a significant 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 daily volume of 2,290,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BYND Cannasoft Enterprises

A hedge fund recently raised its stake in BYND Cannasoft Enterprises stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) by 67.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,627,332 shares of the company’s stock after purchasing an additional 655,555 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in BYND Cannasoft Enterprises were worth $553,000 as of its most recent SEC filing.

BYND Cannasoft Enterprises Stock Performance

Shares of NASDAQ BCAN opened at $0.62 on Friday. BYND Cannasoft Enterprises has a 52-week low of $0.60 and a 52-week high of $661.20. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 0.01. The company’s 50-day simple moving average is $0.83 and its 200-day simple moving average is $21.37.

BYND Cannasoft Enterprises (NASDAQ:BCAN) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($91.12) earnings per share (EPS) for the quarter. The firm had revenue of $0.42 million during the quarter.

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.