Clever Leaves Holdings Inc. (NASDAQ:CLVRW – Get Rating) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 60,000 shares, a growth of 25.3% from the June 30th total of 47,900 shares. Based on an average daily volume of 81,100 shares, the days-to-cover ratio is currently 0.7 days.
Clever Leaves Stock Down 14.8 %
Shares of Clever Leaves stock opened at $0.12 on Tuesday. The firm has a 50 day moving average of $0.16. Clever Leaves has a 52 week low of $0.10 and a 52 week high of $2.55.
Hedge Funds Weigh In On Clever Leaves
A hedge fund recently raised its stake in Clever Leaves stock. Walleye Capital LLC increased its holdings in Clever Leaves Holdings Inc. (NASDAQ:CLVRW – Get Rating) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 520,739 shares of the company’s stock after buying an additional 58,664 shares during the quarter. Walleye Capital LLC’s holdings in Clever Leaves were worth $219,000 at the end of the most recent reporting period.
About Clever Leaves
Clever Leaves Holdings Inc operates as a cannabis company. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment engages in the cultivation, extraction, manufacturing, commercialization, and distribution of cannabinoid products internationally. The Non-Cannabinoid segment is engaged in formulating, manufacturing, marketing, selling, distributing, and commercializing nutraceutical and other natural remedies, wellness products, detoxification products, and nutritional and dietary supplements for mass retailers, specialty and health retailers, and distributors in the United States.
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