Short Interest in Trees Co. (OTCMKTS:CANN) Decreases By 33.8%

Trees Co. (OTCMKTS:CANN) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 34,100 shares, a decline of 33.8% from the October 15th total of 51,500 shares. Based on an average daily trading volume, of 125,800 shares, the short-interest ratio is presently 0.3 days.

Trees Stock Performance

Shares of CANN remained flat at $0.04 during mid-day trading on Friday. 125,881 shares of the stock were exchanged, compared to its average volume of 76,058. Trees has a 12-month low of $0.02 and a 12-month high of $0.13. The firm has a market cap of $4.84 million, a P/E ratio of -1.12 and a beta of -0.13. The business has a 50-day simple moving average of $0.05 and a two-hundred day simple moving average of $0.07.

About Trees

Trees Corporation provides products and services to the regulated cannabis industry in the United States. The company operates through Retail and Cultivation segments. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility; and retail dispensary store in Englewood, Colorado, as well as retail stores in Portland, Oregon.