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

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 644,400 shares, a drop of 13.7% from the May 31st total of 746,600 shares. Based on an average daily trading volume, of 781,600 shares, the short-interest ratio is currently 0.8 days.

Trulieve Cannabis Stock Performance

OTCMKTS:TCNNF opened at $9.29 on Tuesday. The company’s 50-day moving average price is $10.42 and its two-hundred day moving average price is $9.56. Trulieve Cannabis has a 12 month low of $3.42 and a 12 month high of $14.50.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TCNNF shares. Needham & Company LLC raised their price target on Trulieve Cannabis from $13.50 to $14.50 and gave the stock a “buy” rating in a research note on Friday, May 10th. Roth Mkm lifted their target price on Trulieve Cannabis from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, May 10th.

Trulieve Cannabis Company Profile

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.