Zerostack Corp. (NASDAQ:ZSTK) Short Interest Up 347.6% in August

Zerostack Corp. (NASDAQ:ZSTK) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 119,032 shares, a growth of 347.6% from the August 15th total of 26,592 shares. Based on an average daily volume of 2,526,875 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.6% of the shares of the stock are sold short.

Zerostack Price Performance

Shares of ZSTK opened at $4.90 on Friday. Zerostack has a one year low of $1.32 and a one year high of $47.00. The company has a market cap of $106.92 million, a price-to-earnings ratio of -0.44 and a beta of 2.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Zerostack in a research note on Thursday, August 20th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Zerostack currently has an average rating of “Sell”.

About Zerostack

Flora Growth Corp., a cannabis company, cultivates, processes, and supplies cannabis products to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis oil, and cannabis oil extracts and related products; manufactures and sells skincare and beauty products, such as gel cleanser, eye cream, moisturizer, and hydrating mask; manufactures dermo cosmetic products; and develops and sells pharmaceutical and over-the-counter products, including dietary supplements, phytotherapeutic and nutraceutical products, supplements, and related products.