CV Sciences, Inc. (OTCMKTS:CVSI) Sees Large Increase in Short Interest

CV Sciences, Inc. (OTCMKTS:CVSI) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 21,700 shares, an increase of 239.1% from the September 30th total of 6,400 shares. Based on an average daily trading volume, of 253,600 shares, the days-to-cover ratio is presently 0.1 days.

CV Sciences Stock Performance

Shares of OTCMKTS:CVSI remained flat at $0.05 during trading on Friday. 387,938 shares of the stock traded hands, compared to its average volume of 286,547. The company has a market capitalization of $8.71 million, a price-to-earnings ratio of -2.40 and a beta of 0.61. The company’s fifty day moving average is $0.05 and its 200-day moving average is $0.05. CV Sciences has a 12 month low of $0.03 and a 12 month high of $0.10.

About CV Sciences

CV Sciences, Inc develops, manufactures, markets, and sells herbal supplements and hemp-based cannabidiol (CBD) in North America. It operates in two segments, Consumer Products and Specialty Pharmaceutical. The company offers its products under the PlusCBD, ProCBD, HappyLane, CVAcute, CVDefense, and PlusCBD Pet brands in the health care market sector, including nutraceutical, beauty care, specialty foods, and pet products through its websites, elect distributors, brick and mortar retailers, and select e-tailers.