Trulieve Cannabis Corp. (OTCMKTS:TCNNF) Sees Significant Increase in Short Interest

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 674,961 shares, a growth of 2,521.3% from the April 15th total of 25,749 shares. Based on an average daily volume of 1,732,166 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Alliance Global Partners reiterated a “buy” rating on shares of Trulieve Cannabis in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Trulieve Cannabis currently has a consensus rating of “Buy”.

Trulieve Cannabis Price Performance

Trulieve Cannabis stock traded up $0.06 during midday trading on Wednesday, reaching $8.16. 164,944 shares of the stock traded hands, compared to its average volume of 317,641. The stock’s fifty day moving average is $6.96 and its 200-day moving average is $7.10. Trulieve Cannabis has a 12 month low of $3.25 and a 12 month high of $11.83.

Trulieve Cannabis Company Profile

Trulieve Cannabis Corp. is a vertically integrated cannabis operator and retailer, offering a full suite of services from cultivation and processing to distribution and sales. The company develops, manufactures and markets a diverse range of cannabis products under its own brand portfolio, serving both medical and adult-use consumers through a network of branded dispensaries and delivery services.

Trulieve’s product lineup includes dried flower, vape cartridges, concentrates, edibles, tinctures and topicals, all of which are produced in compliance with state regulatory requirements.