Short Interest in Cronos Group Inc. (NASDAQ:CRON) Declines By 5.7%

Cronos Group Inc. (NASDAQ:CRON) was the target of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,450,000 shares, a decrease of 5.7% from the November 15th total of 3,660,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 1.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in shares of Cronos Group by 4.4% in the third quarter. Tidal Investments LLC now owns 5,026,489 shares of the company’s stock valued at $11,008,000 after buying an additional 210,263 shares during the period. Dimensional Fund Advisors LP boosted its stake in Cronos Group by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,631,783 shares of the company’s stock worth $6,132,000 after purchasing an additional 192,469 shares during the period. Mackenzie Financial Corp bought a new position in Cronos Group during the 2nd quarter worth about $3,237,000. AdvisorShares Investments LLC increased its holdings in Cronos Group by 8.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 870,613 shares of the company’s stock worth $2,002,000 after purchasing an additional 67,209 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Cronos Group by 37.9% in the 2nd quarter. Renaissance Technologies LLC now owns 464,949 shares of the company’s stock valued at $1,083,000 after purchasing an additional 127,753 shares during the period. 8.71% of the stock is currently owned by institutional investors.

Cronos Group Stock Up 1.0 %

NASDAQ CRON traded up $0.02 on Tuesday, reaching $1.95. The company had a trading volume of 544,758 shares, compared to its average volume of 1,851,291. Cronos Group has a 52 week low of $1.86 and a 52 week high of $3.14. The stock’s 50 day moving average is $2.10 and its 200-day moving average is $2.24. The stock has a market cap of $745.48 million, a price-to-earnings ratio of -14.88 and a beta of 0.99.

About Cronos Group

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.