Trees Co. (OTCMKTS:CANN) Sees Significant Drop in Short Interest

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

Trees Price Performance

CANN stock remained flat at $0.04 during midday trading on Thursday. 53,220 shares of the company’s stock were exchanged, compared to its average volume of 75,978. Trees has a 1 year low of $0.02 and a 1 year high of $0.13. The stock’s fifty day simple moving average is $0.05 and its 200-day simple moving average is $0.07. The company has a market cap of $4.57 million, a P/E ratio of -1.05 and a beta of -0.13.

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.