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

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 496,100 shares, a drop of 26.7% from the August 31st total of 677,000 shares. Based on an average trading volume of 753,000 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

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

Trulieve Cannabis Price Performance

Shares of OTCMKTS:TCNNF opened at $11.85 on Friday. The firm has a fifty day moving average of $10.20 and a two-hundred day moving average of $10.52. Trulieve Cannabis has a 12-month low of $3.79 and a 12-month high of $14.50.

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.