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

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

Trulieve Cannabis Price Performance

Shares of TCNNF stock opened at $11.85 on Friday. The stock’s 50 day simple moving average is $10.20 and its 200 day simple moving average is $10.52. Trulieve Cannabis has a twelve month low of $3.79 and a twelve month high of $14.50.

Analyst Upgrades and Downgrades

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

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.