Cronos Group Inc. (NASDAQ:CRON) Short Interest Down 10.6% in December

Cronos Group Inc. (NASDAQ:CRON) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 3,290,000 shares, a drop of 10.6% from the December 15th total of 3,680,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.6% of the shares of the stock are short sold.

Cronos Group Stock Up 1.0 %

CRON stock traded up $0.02 on Friday, reaching $1.99. 1,401,703 shares of the company’s stock were exchanged, compared to its average volume of 1,270,717. The stock has a fifty day moving average of $2.02 and a 200-day moving average of $2.17. The firm has a market cap of $760.78 million, a PE ratio of -15.31, a P/E/G ratio of 1.78 and a beta of 0.97. Cronos Group has a twelve month low of $1.86 and a twelve month high of $3.14.

Hedge Funds Weigh In On Cronos Group

A number of institutional investors and hedge funds have recently made changes to their positions in CRON. Mackenzie Financial Corp purchased a new stake in Cronos Group during the second quarter worth about $3,237,000. Barclays PLC purchased a new stake in shares of Cronos Group during the 3rd quarter worth approximately $97,000. International Assets Investment Management LLC grew its holdings in shares of Cronos Group by 119.0% in the 3rd quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock worth $91,000 after acquiring an additional 22,628 shares during the period. Renaissance Technologies LLC increased its stake in 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 in the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in Cronos Group by 77.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 189,245 shares of the company’s stock worth $382,000 after purchasing an additional 82,500 shares during the last quarter. 8.71% of the stock is owned by institutional investors and hedge funds.

Cronos Group Company Profile

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.