Short Interest in Trulieve Cannabis Corp. (OTCMKTS:TCNNF) Grows By 25.0%

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 572,000 shares, an increase of 25.0% from the October 31st total of 457,600 shares. Based on an average daily volume of 2,592,000 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

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

Trulieve Cannabis Stock Down 1.6 %

Shares of TCNNF stock traded down $0.10 during mid-day trading on Friday, hitting $6.03. The stock had a trading volume of 262,649 shares, compared to its average volume of 513,471. Trulieve Cannabis has a fifty-two week low of $4.75 and a fifty-two week high of $14.50. The company’s 50-day simple moving average is $10.10 and its 200-day simple moving average is $10.00.

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.