ELEV8 BRANDS INC (OTCMKTS:VATE) Could Burn Your Long Portfolio After More Shorts

March 14, 2018 - By Darrin Black

The stock of ELEV8 BRANDS INC (OTCMKTS:VATE) registered an increase of 6.36% in short interest. VATE’s total short interest was 35,100 shares in March as published by FINRA. Its up 6.36% from 33,000 shares, reported previously.

The stock decreased 24.84% or $0.007 during the last trading session, reaching $0.039. About 12.57 million shares traded or 210.68% up from the average. Elev8 Brands, Inc. (OTCMKTS:VATE) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Elev8 Brands, Inc. focuses on providing hemp seed coffee blend, hemp water products, and supplements for the health and fitness markets. The company has market cap of $34,494. The firm was formerly known as PLAD, Inc. and changed its name to Elev8 Brands, Inc. in December 2016. It currently has negative earnings.

More notable recent Elev8 Brands, Inc. (OTCMKTS:VATE) news were published by: Prnewswire.com which released: “Elev8 Brands, Inc. Announces Its Hemp Coffee is Now Available on Amazon Prime” on November 30, 2017, also Prnewswire.com with their article: “Elev8 Brands, Inc. Launches All New CBD Product Line” published on December 20, 2017, Globenewswire.com published: “Fourth quarter Sales from Elev8 Hemp and Zoe CBD Up Over 30%” on February 09, 2018. More interesting news about Elev8 Brands, Inc. (OTCMKTS:VATE) were released by: Prnewswire.com and their article: “Elev8 Brands, Inc. Announces Its Hemp Tea Now Available on Amazon Prime” published on November 20, 2017 as well as Prnewswire.com‘s news article titled: “Correction: Elev8 Brands, Inc. Announces Event For Art Week in Miami” with publication date: November 24, 2017.

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