Short Interest in The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) Rises By 51.2%

The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,792,800 shares, an increase of 51.2% from the August 15th total of 1,846,900 shares. Based on an average trading volume of 1,228,400 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “hold” rating on shares of Cannabist in a report on Monday, August 12th.

Cannabist Trading Down 1.1 %

Shares of CBSTF traded down $0.00 during mid-day trading on Friday, hitting $0.23. 156,995 shares of the company’s stock were exchanged, compared to its average volume of 1,009,305. Cannabist has a 52 week low of $0.17 and a 52 week high of $1.45. The stock has a 50-day moving average of $0.23.

About Cannabist

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.