The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 515,700 shares, a growth of 42.4% from the March 31st total of 362,100 shares. Based on an average daily volume of 2,236,600 shares, the days-to-cover ratio is presently 0.2 days.
Cannabist Trading Down 2.0 %
OTCMKTS:CBSTF traded down $0.01 during trading hours on Friday, hitting $0.26. The company’s stock had a trading volume of 671,550 shares, compared to its average volume of 1,327,002. Cannabist has a 52-week low of $0.21 and a 52-week high of $1.50.
Wall Street Analyst Weigh In
Separately, Roth Mkm cut their price target on Cannabist from $1.00 to $0.75 and set a “buy” rating for the company in a research note on Friday, March 15th.
Cannabist Company Profile
The Cannabist Company Holdings Inc engages in the cultivation, development, production, home delivery, and dispensary of cannabis products in the United States and internationally. The company provides flower, concentrates, edibles, and/or accesories, and medicinal cannabinoid capsules and tablets, as well as confections, chocolate, drink mixes, condiments, kief, shatter, and wax/crumble, under the Seed & Strain, Classix, and Triple Seven brand names.
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