BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) Short Interest Up 2,357.5% in March

BYND Cannasoft Enterprises Inc. (NASDAQ:BCAN) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 410,400 shares, a growth of 2,357.5% from the March 15th total of 16,700 shares. Based on an average daily trading volume, of 703,000 shares, the short-interest ratio is presently 0.6 days. Currently, 52.8% of the company’s shares are sold short.

BYND Cannasoft Enterprises Trading Down 3.6 %

Shares of BCAN opened at $0.90 on Friday. The business’s fifty day moving average price is $19.27 and its two-hundred day moving average price is $89.88. BYND Cannasoft Enterprises has a 52 week low of $0.87 and a 52 week high of $731.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MBE Wealth Management LLC bought a new position in shares of BYND Cannasoft Enterprises in the 3rd quarter worth $39,000. Vident Investment Advisory LLC bought a new position in shares of BYND Cannasoft Enterprises in the 4th quarter worth $345,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of BYND Cannasoft Enterprises by 46.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 971,777 shares of the company’s stock worth $981,000 after purchasing an additional 307,622 shares during the last quarter.

BYND Cannasoft Enterprises Company Profile

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.