BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) Sees Significant Decline in Short Interest

BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 7,400 shares, a decrease of 97.5% from the July 31st total of 298,100 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,800 shares, the short-interest ratio is presently 0.3 days.

BYND Cannasoft Enterprises Stock Performance

Shares of BCAN stock opened at $8.18 on Wednesday. The stock’s fifty day simple moving average is $0.90 and its 200 day simple moving average is $5.94. BYND Cannasoft Enterprises has a one year low of $7.83 and a one year high of $4,522.00. The company has a quick ratio of 10.83, a current ratio of 10.83 and a debt-to-equity ratio of 0.01.

BYND Cannasoft Enterprises (NASDAQ:BCAN) last issued its earnings results on Wednesday, August 14th. The company reported ($0.30) EPS for the quarter. The firm had revenue of $0.30 million for the quarter.

BYND Cannasoft Enterprises Company Profile

Femto Technologies Inc develops and manufactures women’s wellness devices and services. It offers its products for muscle relief and relaxation, redefining skin, and nurturing its hair, as well as sexual wellness devices. The company owns and markets Benefit customer relationship management (CRM), a proprietary customer relationship management software product that enables small and medium-sized enterprises to optimize day-to-day business activities.