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

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 496,100 shares, a drop of 26.7% from the August 31st total of 677,000 shares. Based on an average daily volume of 753,000 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and issued a $14.50 price objective on shares of Trulieve Cannabis in a research report on Tuesday, August 6th.

Trulieve Cannabis Trading Up 0.3 %

Shares of Trulieve Cannabis stock traded up $0.04 during trading hours on Friday, reaching $12.00. The company’s stock had a trading volume of 332,709 shares, compared to its average volume of 486,394. The company’s 50 day simple moving average is $10.18 and its 200 day simple moving average is $10.49. Trulieve Cannabis has a one year low of $3.79 and a one year high of $14.50.

About Trulieve Cannabis

Trulieve Cannabis Corp., together with its subsidiaries, operates as a cannabis retailer. The company cultivates, processes, and manufactures cannabis products and distributes its products to its dispensaries, as well as through home delivery. It sells flowers, edibles, vapes, creams, balms, salves, lotions, vaporizers, batteries, cartridge, concentrates, topicals, capsules, synringes, tinctures, and accessories under the Avenue, Cultivar Collection, Muse, Modern Flower, Alchemy, Momenta, Sweet Talk, Co2lors, Loveli, Trekkers, and Roll One brands.