The stock of AMERICANN INCORPORATED (OTCMKTS:ACAN) registered a decrease of 41.49% in short interest. ACAN’s total short interest was 5,500 shares in September as published by FINRA. Its down 41.49% from 9,400 shares, reported previously. With 12,800 shares average volume, it will take short sellers 0 days to cover their ACAN’s short positions. About 12,835 shares traded hands or 90.57% up from the average. Americann Inc (OTCMKTS:ACAN) has risen 50.98% since February 8, 2016 and is uptrending. It has outperformed by 34.49% the S&P500.
AmeriCann, Inc. develops, owns and supports medical cannabis cultivation and processing facilities. The company has a market cap of $11.64 million. The Firm has a multi-market portfolio of over 1,000,000 square feet of cannabis production infrastructure in various stages of development, which consists of approximately 125,000 square feet of approved cultivation and processing infrastructure on over five acres located at 5280 Monaco St. in Denver, and site approval for approximately 977,000 square feet of cultivation, processing and administration infrastructure at the Massachusetts Medical Cannabis Center . It currently has negative earnings. To support local businesses that seek to serve cannabis patients in their communities, the Company initiated the AmeriCann Preferred Partner Program.
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