What Will Happen to MCIG INC (OTCMKTS:MCIG) Next? The Stock Has Decline in Shorts

May 10, 2018 - By Louis Casey

The stock of MCIG INC (OTCMKTS:MCIG) registered a decrease of 73.18% in short interest. MCIG’s total short interest was 4,800 shares in May as published by FINRA. Its down 73.18% from 17,900 shares, reported previously.

The stock increased 2.25% or $0.0049 during the last trading session, reaching $0.2225. About 743,994 shares traded. mCig, Inc. (OTCMKTS:MCIG) has 0.00% since May 10, 2017 and is . It has underperformed by 11.55% the S&P500.

mCig, Inc. operates as a cannabis cultivation construction firm in the United States and internationally. The company has market cap of $92.41 million. The firm operates through five divisions: Construction and Consulting, CBD, Vaporizers, Media, and Supplies. It has a 37.08 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 recent mCig, Inc. (OTCMKTS:MCIG) news were published by: Globenewswire.com which released: “mCig Inc. Updates Shareholders on NYAcres Hemp Project” on April 17, 2018. Also Investorplace.com published the news titled: “Former House Speaker John Boehner Is the New Face of Marijuana Legalization” on April 13, 2018. Investorplace.com‘s news article titled: “4 Hot Penny Stocks That Could See Outsized Gains” with publication date: May 09, 2018 was also an interesting one.

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