Short Interest in Resonate Blends, Inc. (OTCMKTS:KOAN) Expands By 246.9%

Resonate Blends, Inc. (OTCMKTS:KOAN) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 28,100 shares, a growth of 246.9% from the September 30th total of 8,100 shares. Based on an average trading volume of 172,600 shares, the days-to-cover ratio is presently 0.2 days.

Resonate Blends Price Performance

Shares of KOAN stock remained flat at $0.01 on Friday. 4,800 shares of the company traded hands, compared to its average volume of 111,629. Resonate Blends has a fifty-two week low of $0.01 and a fifty-two week high of $0.08. The business has a fifty day simple moving average of $0.01 and a 200 day simple moving average of $0.02. The company has a market cap of $663,635.10, a P/E ratio of -0.14 and a beta of 2.89.

Resonate Blends (OTCMKTS:KOAN) last posted its quarterly earnings results on Tuesday, August 20th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.66 million for the quarter.

About Resonate Blends

Resonate Blends, Inc, a cannabis holding company, provides cannabis wellness lifestyle products. The company offers Calm to quiet the mind and ease into a gentle sense of wellbeing; Wonder, a THC offering to bring back the youthful sense; Love to reduce barriers to intimacy, stimulate personal connections, and increase tactile sensation; Create to stimulate senses, spark imagination, and channel inner muse; Play to become fully immersed in the moment and the people around; Delight to open up senses; and Sleep for helping to fall asleep.