Short Interest in TREES Corporation (OTCMKTS:CANN) Drops By 53.9%

TREES Corporation (OTCMKTS:CANN) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 13,047 shares, a drop of 53.9% from the April 15th total of 28,305 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 256,702 shares, the days-to-cover ratio is presently 0.1 days.

TREES Price Performance

OTCMKTS CANN opened at $0.02 on Friday. The stock has a market capitalization of $2.69 million, a PE ratio of -1.17 and a beta of -0.45. The business has a 50 day simple moving average of $0.03 and a two-hundred day simple moving average of $0.03. TREES has a 1-year low of $0.01 and a 1-year high of $0.06.

TREES (OTCMKTS:CANN) last released its quarterly earnings results on Friday, May 15th. The company reported $999.00 earnings per share for the quarter.

About TREES

Trees Corporation provides products and services to the regulated cannabis industry in the United States. The company operates through Retail and Cultivation segments. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility; and retail dispensary store in Englewood, Colorado, as well as retail stores in Portland, Oregon. The company was formerly known as General Cannabis Corp. and changed its name to Trees Corporation in June 2022. Trees Corporation was incorporated in 2013 and is headquartered in Lakewood, Colorado.