MCIG INCORPORATED (OTCMKTS:MCIG) Shorted Shares Increased 358.05% After Market Selling

February 15, 2018 - By Migdalia James

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 2.86 million 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. Announces Hiring New Chief Marketing Officer Alex Mardikian …” on May 02, 2017, also Globenewswire.com with their article: “mCig’s CEO Invests $500000 Into OBITX, Inc.” published on December 07, 2017, Seekingalpha.com published: “mCig: Nothing Here But Bottom Feeders” on April 10, 2016. More interesting news about mCig, Inc. (OTCMKTS:MCIG) were released by: Globenewswire.com and their article: “mCig Inc. Subsidiary OBITX INC. Announces the Launch of New Website” published on January 17, 2018 as well as Marketwired.com‘s news article titled: “mCig, Inc. Raising up to $3 Million in Financing for Expansion of Operations” with publication date: September 13, 2017.

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