Canopy Growth Co. (NASDAQ:CGC) Short Interest Update

Canopy Growth Co. (NASDAQ:CGC) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,190,000 shares, a decline of 8.9% from the November 15th total of 10,090,000 shares. Approximately 9.1% of the company’s shares are sold short. Based on an average daily volume of 5,370,000 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Canopy Growth

Large investors have recently bought and sold shares of the business. Sassicaia Capital Advisers LLC acquired a new position in Canopy Growth during the third quarter valued at approximately $54,000. PFG Investments LLC acquired a new position in shares of Canopy Growth during the 3rd quarter worth about $54,000. Financial Advocates Investment Management bought a new stake in shares of Canopy Growth in the 3rd quarter valued at about $57,000. CIBC Asset Management Inc bought a new position in Canopy Growth during the second quarter worth about $91,000. Finally, Insigneo Advisory Services LLC acquired a new position in Canopy Growth during the second quarter worth approximately $96,000. 3.33% of the stock is owned by institutional investors.

Canopy Growth Trading Down 2.3 %

Shares of CGC stock traded down $0.07 on Monday, hitting $3.04. The stock had a trading volume of 3,867,610 shares, compared to its average volume of 7,478,441. The firm has a market cap of $331.18 million, a P/E ratio of -0.62 and a beta of 0.83. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $4.18 and a two-hundred day moving average price of $5.54. Canopy Growth has a twelve month low of $2.76 and a twelve month high of $14.92.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.