Glass House Brands Inc. (OTCMKTS:GLASF) Short Interest Down 46.6% in May

Glass House Brands Inc. (OTCMKTS:GLASF) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 80,195 shares, a drop of 46.6% from the April 30th total of 150,224 shares. Based on an average trading volume of 439,169 shares, the days-to-cover ratio is presently 0.2 days.

Glass House Brands Stock Performance

Shares of OTCMKTS:GLASF traded down C$0.18 during trading on Tuesday, reaching C$11.12. 159,078 shares of the company were exchanged, compared to its average volume of 206,841. The business’s fifty day simple moving average is C$9.20 and its 200-day simple moving average is C$8.44. Glass House Brands has a 12-month low of C$4.55 and a 12-month high of C$11.73.

Glass House Brands Company Profile

Glass House Brands (OTCMKTS:GLASF) is a vertically integrated cannabis cultivation, manufacturing and retail company focused on the California market. Based in Salinas with corporate offices in Los Angeles, the firm cultivates proprietary cannabis genetics in greenhouse facilities and distributes a range of consumer packaged products under its flagship Glass House Farms brand.

Operating advanced glasshouse cultivation sites that leverage sustainable growing practices, Glass House Brands produces high-quality flower, pre-rolls and extract products.