Trulieve Cannabis Corp. (OTCMKTS:TCNNF) Sees Significant Drop in Short Interest

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 243,173 shares, a decline of 64.0% from the April 30th total of 674,961 shares. Based on an average daily volume of 799,789 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Alliance Global Partners reissued a “buy” rating on shares of Trulieve Cannabis in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Trulieve Cannabis has a consensus rating of “Buy”.

Trulieve Cannabis Stock Down 4.0%

TCNNF stock opened at $9.29 on Friday. Trulieve Cannabis has a 12-month low of $3.25 and a 12-month high of $11.83. The stock’s 50 day simple moving average is $7.44 and its 200 day simple moving average is $7.20.

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.