High Tide Inc. (NASDAQ:HITI – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 4,850,000 shares, a decrease of 6.6% from the June 30th total of 5,190,000 shares. Based on an average daily trading volume, of 613,200 shares, the days-to-cover ratio is currently 7.9 days. Approximately 6.6% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Ventum Cap Mkts raised High Tide to a “strong-buy” rating in a research note on Tuesday, July 16th.
Get Our Latest Stock Analysis on HITI
Institutional Inflows and Outflows
High Tide Price Performance
Shares of HITI remained flat at $1.83 during mid-day trading on Wednesday. The stock had a trading volume of 26,229 shares, compared to its average volume of 549,428. The stock has a market capitalization of $147.22 million, a PE ratio of -5.72 and a beta of 0.46. The firm’s 50 day moving average is $2.23 and its 200-day moving average is $2.07. High Tide has a 1 year low of $1.14 and a 1 year high of $2.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 1.17.
About High Tide
High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.
Read More
- Five stocks we like better than High Tide
- Using the MarketBeat Stock Split Calculator
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- The 3 Best Retail Stocks to Shop for in August
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for High Tide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for High Tide and related companies with MarketBeat.com's FREE daily email newsletter.