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

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 243,173 shares, a drop of 64.0% from the April 30th total of 674,961 shares. Based on an average trading volume of 799,789 shares, the short-interest ratio is currently 0.3 days.

Trulieve Cannabis Stock Performance

Shares of OTCMKTS:TCNNF traded up $0.18 during midday trading on Monday, hitting $9.47. 243,069 shares of the company’s stock traded hands, compared to its average volume of 325,749. The firm’s fifty day moving average price is $7.44 and its two-hundred day moving average price is $7.20. Trulieve Cannabis has a twelve month low of $3.25 and a twelve month high of $11.83.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners reissued a “buy” rating on shares of Trulieve Cannabis in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Trulieve Cannabis Company Profile

Trulieve Cannabis Corp. is a vertically integrated cannabis operator and retailer, offering a full suite of services from cultivation and processing to distribution and sales. The company develops, manufactures and markets a diverse range of cannabis products under its own brand portfolio, serving both medical and adult-use consumers through a network of branded dispensaries and delivery services.

Trulieve’s product lineup includes dried flower, vape cartridges, concentrates, edibles, tinctures and topicals, all of which are produced in compliance with state regulatory requirements.