Short Interest in Trulieve Cannabis Corp. (OTCMKTS:TCNNF) Grows By 32.8%

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) saw a large 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 daily trading volume, of 734,300 shares, the days-to-cover ratio is currently 0.9 days.

Trulieve Cannabis Stock Up 0.2 %

Shares of TCNNF stock traded up $0.02 during trading hours on Friday, reaching $11.07. 143,930 shares of the company traded hands, compared to its average volume of 494,367. Trulieve Cannabis has a 12-month low of $3.79 and a 12-month high of $14.50. The firm has a 50-day moving average price of $9.84 and a 200 day moving average price of $10.38.

Analyst Ratings Changes

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

Trulieve Cannabis Company Profile

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.