The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) Sees Large Drop in Short Interest

The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 2,462,200 shares, a drop of 14.3% from the November 15th total of 2,872,000 shares. Based on an average daily volume of 1,804,500 shares, the short-interest ratio is currently 1.4 days.

Cannabist Price Performance

Shares of Cannabist stock remained flat at $0.06 during trading hours on Friday. The company’s stock had a trading volume of 1,861,293 shares, compared to its average volume of 1,004,733. The business’s 50 day moving average is $0.16 and its 200 day moving average is $0.20. Cannabist has a 1-year low of $0.06 and a 1-year high of $0.62.

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.