Trulieve Cannabis Corp. (OTCMKTS:TCNNF – Get Free Report) 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.
Further Reading
- Five stocks we like better than Trulieve Cannabis
- How to Invest in the FAANG Stocks
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- Dividend Capture Strategy: What You Need to Know
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- Are Penny Stocks a Good Fit for Your Portfolio?
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Trulieve Cannabis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trulieve Cannabis and related companies with MarketBeat.com's FREE daily email newsletter.