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

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) was the target of a significant growth in short interest during the month of 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.

Trulieve Cannabis Trading Down 3.2%

Shares of TCNNF traded down $0.28 during trading hours on Monday, hitting $8.52. The stock had a trading volume of 311,798 shares, compared to its average volume of 319,884. The company’s fifty day simple moving average is $6.83 and its 200 day simple moving average is $7.08. Trulieve Cannabis has a 12-month low of $3.25 and a 12-month high of $11.83.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners restated a “buy” rating on shares of Trulieve Cannabis in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

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.