Trulieve Cannabis Corp. (OTCMKTS:TCNNF) Sees Large Growth in Short Interest

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 677,000 shares, a growth of 32.8% from the August 15th total of 509,800 shares. Based on an average trading volume of 734,300 shares, the short-interest ratio is currently 0.9 days.

Trulieve Cannabis Stock Performance

Shares of OTCMKTS:TCNNF traded up $0.02 on Friday, reaching $11.07. The company’s stock had a trading volume of 143,930 shares, compared to its average volume of 494,367. The company has a 50-day simple moving average of $9.88 and a 200 day simple moving average of $10.39. Trulieve Cannabis has a 52-week low of $3.79 and a 52-week high of $14.50.

Analyst Ratings Changes

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

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.