Will MCIG INCORPORATED (OTCMKTS:MCIG) Run Out of Steam Soon? Short Interest is Up

February 15, 2018 - By Michael Collier

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 2.86M 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 Seekingalpha.com with their article: “MCig And A Rival: The Choice Is Easy” published on May 26, 2017, Seekingalpha.com published: “mCig Inc.: High On Smoke” on March 02, 2016. More interesting news about mCig, Inc. (OTCMKTS:MCIG) were released by: Seekingalpha.com and their article: “mCig: Nothing Here But Bottom Feeders” published on April 10, 2016 as well as Globenewswire.com‘s news article titled: “mCig Inc. Subsidiary OBITX INC. Announces the Launch of New Website” with publication date: January 17, 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 daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: