After Reaching Milestone, Is MCIG INCORPORATED (OTCMKTS:MCIG)’s Short Interest Revealing Something?

February 15, 2018 - By Migdalia James

The stock of MCIG INCORPORATED (OTCMKTS:MCIG) registered an increase of 358.05% in short interest. MCIG’s total short interest was 187,800 shares in February as published by FINRA. Its up 358.05% from 41,000 shares, reported previously. With 2.86 million shares average volume, it will take short sellers 0 days to cover their MCIG’s short positions.

The stock increased 0.20% or $0.000475 during the last trading session, reaching $0.243725. About 430,726 shares traded. mCig, Inc. (OTCMKTS:MCIG) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

mCig, Inc. operates as a cannabis cultivation construction firm in the United States and internationally. The company has market cap of $101.22 million. The firm operates through five divisions: Construction and Consulting, CBD, Vaporizers, Media, and Supplies. It has a 40.62 P/E ratio. The Construction and Consulting segment designs, develops, engineers, and constructs modular buildings and green houses that assist cannabis and herbal growers in the market, as well as offers consulting services in the cannabis industry.

More notable recent mCig, Inc. (OTCMKTS:MCIG) news were published by: Marketwired.com which released: “mCig, Inc. Raising up to $3 Million in Financing for Expansion of Operations” on September 13, 2017, also Marketwired.com with their article: “mCig, Inc. Announces Hiring New Chief Marketing Officer Alex Mardikian …” published on May 02, 2017, Seekingalpha.com published: “mCig Inc.: High On Smoke” on March 02, 2016. More interesting news about mCig, Inc. (OTCMKTS:MCIG) were released by: Marketwired.com and their article: “mCig, Inc. Announces (Unaudited) Fiscal Year 2017 Financial Results — Best …” published on May 15, 2017 as well as Globenewswire.com‘s news article titled: “mCig, Inc. Provides Update on Obitx Spin-Off and Other Corporate Developments” with publication date: February 12, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.