The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,792,800 shares, a growth of 51.2% from the August 15th total of 1,846,900 shares. Based on an average trading volume of 1,228,400 shares, the days-to-cover ratio is currently 2.3 days.
Cannabist Trading Down 1.1 %
Shares of OTCMKTS CBSTF opened at $0.23 on Monday. The company has a 50-day moving average price of $0.23. Cannabist has a one year low of $0.17 and a one year high of $1.45.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC reiterated a “hold” rating on shares of Cannabist in a research report on Monday, August 12th.
About Cannabist
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.
Featured Articles
- Five stocks we like better than Cannabist
- How to Choose Top Rated Stocks
- Symbotic’s Double-Bagger Potential as It Hits a Key Inflection
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- High Dividend Yields Make These 2 Shipping Stocks Stand Out
- Using the MarketBeat Stock Split Calculator
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
Receive News & Ratings for Cannabist Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cannabist and related companies with MarketBeat.com's FREE daily email newsletter.
