Indiva Limited (OTCMKTS:NDVAF) Short Interest Update

Indiva Limited (OTCMKTS:NDVAF) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 106,200 shares, an increase of 4,727.3% from the December 15th total of 2,200 shares. Based on an average trading volume of 84,300 shares, the days-to-cover ratio is presently 1.3 days.

Shares of OTCMKTS NDVAF opened at $0.26 on Friday. The business has a 50 day simple moving average of $0.24 and a 200 day simple moving average of $0.29. Indiva has a 52 week low of $0.19 and a 52 week high of $0.58.

Separately, Raymond James cut shares of Indiva from a “strong-buy” rating to an “outperform” rating in a research report on Friday, October 15th.

About Indiva

Indiva Ltd. engages in producing derivative products and the cultivation of cannabis. It offers premium pre-rolls, flower, capsules, and edible products and provides production and manufacturing services to peer entities. Its brands include Artisan Batch, Wana Sour Gammies, Bhang Chocolate, Ruby Cannabis Sugar, and Sapphire Cannabis Salt.

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