The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) Short Interest Up 8.1% in August

The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 1,846,900 shares, an increase of 8.1% from the July 31st total of 1,709,200 shares. Based on an average trading volume of 1,351,700 shares, the short-interest ratio is currently 1.4 days.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Cannabist in a research note on Monday, August 12th.

Cannabist Stock Performance

Cannabist stock opened at $0.23 on Wednesday. Cannabist has a 12 month low of $0.17 and a 12 month high of $1.50. The business has a fifty day moving average of $0.23.

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.