What’s Next for ELEV8 BRANDS INC (OTCMKTS:VATE) After Having More Shares Shorted?

March 14, 2018 - By Vivian Park

The stock of ELEV8 BRANDS INC (OTCMKTS:VATE) registered an increase of 6.36% in short interest. VATE’s total short interest was 35,100 shares in March as published by FINRA. Its up 6.36% from 33,000 shares, reported previously.

The stock decreased 24.84% or $0.007 during the last trading session, reaching $0.039. About 12.57 million shares traded or 210.68% up from the average. Elev8 Brands, Inc. (OTCMKTS:VATE) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Elev8 Brands, Inc. focuses on providing hemp seed coffee blend, hemp water products, and supplements for the health and fitness markets. The company has market cap of $34,494. The firm was formerly known as PLAD, Inc. and changed its name to Elev8 Brands, Inc. in December 2016. It currently has negative earnings.

More notable recent Elev8 Brands, Inc. (OTCMKTS:VATE) news were published by: Prnewswire.com which released: “Elev8 Brands, Inc. Launches Revolutionary Hemp Coffee Brand” on January 23, 2017, also Globenewswire.com with their article: “Elev8 Brands, Inc. Announces New Hemp Tea in additional Brick and Mortar Stores” published on December 28, 2017, Prnewswire.com published: “Elev8 Brands, Inc. Announces Its Hemp Tea Now Available on Amazon Prime” on November 20, 2017. More interesting news about Elev8 Brands, Inc. (OTCMKTS:VATE) were released by: Prnewswire.com and their article: “Correction: Elev8 Brands, Inc. Announces Event For Art Week in Miami” published on November 24, 2017 as well as Globenewswire.com‘s news article titled: “Elev8 Brands, Inc. Retires Over 200 Million Shares” with publication date: March 13, 2018.

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