The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) Short Interest Up 25.9% in June

The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,741,200 shares, a growth of 25.9% from the May 31st total of 1,382,900 shares. Based on an average daily trading volume, of 1,535,200 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their price objective on Cannabist from $1.00 to $0.75 and set a “buy” rating for the company in a report on Friday, March 15th.

Cannabist Price Performance

Shares of CBSTF opened at $0.19 on Tuesday. The company has a 50-day moving average price of $0.25. Cannabist has a one year low of $0.17 and a one year high of $1.50.

Cannabist Company Profile

The Cannabist Company Holdings Inc engages in the cultivation, development, production, home delivery, and dispensary of cannabis products in the United States and internationally. The company provides flower, concentrates, edibles, and/or accesories, and medicinal cannabinoid capsules and tablets, as well as confections, chocolate, drink mixes, condiments, kief, shatter, and wax/crumble, under the Seed & Strain, Classix, and Triple Seven brand names.