Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF) Shares Shorted: Short Interest Up 78.2% in September

Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 353,854 shares, an increase of 78.2% from the August 31st total of 198,573 shares. Based on an average daily trading volume, of 393,670 shares, the short-interest ratio is currently 0.9 days.

Charlotte’s Web Stock Performance

Charlotte’s Web stock opened at $0.27 on Tuesday. Charlotte’s Web has a 12-month low of $0.08 and a 12-month high of $0.97. The firm has a 50 day simple moving average of $0.29 and a 200-day simple moving average of $0.42.

About Charlotte’s Web

Charlotte’s Web Holdings, Inc is a health and wellness company focused on hemp-derived cannabidiol (CBD) products. The company develops, manufactures and markets CBD-based consumer products intended to support general wellness, including oils, gummies, capsules, topicals and other supplement formats.

The company also offers hemp-derived products for pets, including CBD oils, chews and related wellness products. Its products are sold through the company’s e-commerce platform, retail partners and other distribution channels, subject to applicable regulations in the markets where they are offered.

Charlotte’s Web was founded in Colorado in 2011 by the Stanley brothers and was named after Charlotte Figi, whose story helped bring public attention to hemp-derived CBD.