Trulieve Cannabis Corp. (OTCMKTS:TCNNF) Short Interest Update

Trulieve Cannabis Corp. (OTCMKTS:TCNNF) saw a large drop in short interest in 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 trading volume of 781,600 shares, the short-interest ratio is presently 0.8 days.

Trulieve Cannabis Trading Down 12.0 %

Shares of TCNNF stock opened at $9.25 on Friday. The stock has a 50 day simple moving average of $10.44 and a 200 day simple moving average of $9.50. Trulieve Cannabis has a 1 year low of $3.42 and a 1 year high of $14.50.

Analysts Set New Price Targets

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