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

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

Wall Street Analyst Weigh In

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

Trulieve Cannabis Price Performance

OTCMKTS:TCNNF traded down $0.28 during trading hours on Monday, reaching $8.52. 311,798 shares of the company traded hands, compared to its average volume of 319,884. The firm’s 50-day moving average is $6.83 and its 200-day moving average is $7.08. Trulieve Cannabis has a 1-year low of $3.25 and a 1-year high of $11.83.

About Trulieve Cannabis

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.