Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 236,657 shares, a growth of 70.5% from the May 14th total of 138,765 shares. Based on an average daily volume of 552,477 shares, the days-to-cover ratio is currently 0.4 days.
Charlotte’s Web Stock Performance
CWBHF stock opened at $0.37 on Wednesday. Charlotte’s Web has a 52-week low of $0.08 and a 52-week high of $0.97. The company’s 50 day simple moving average is $0.51 and its 200-day simple moving average is $0.50.
Charlotte’s Web Company Profile
Charlotte’s Web Holdings, Inc is a producer and distributor of hemp-derived wellness products, operating under the Charlotte’s Web brand name. The company specializes in full-spectrum cannabidiol (CBD) formulations sourced from proprietary hemp genetics and manufactured at its vertically integrated processing facilities in Colorado. Its product suite encompasses CBD oils, capsules, gummies, topicals and pet-specific formulations designed to support general well-being.
Originally founded in 2013 by the Stanley Brothers in Boulder, Colorado, Charlotte’s Web pioneered the consumer CBD market with an emphasis on quality, consistency and transparency.
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