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

The Cannabist Company Holdings Inc. (OTCMKTS:CBSTF) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,041,400 shares, a decline of 49.4% from the February 13th total of 2,059,000 shares. Based on an average daily trading volume, of 1,475,900 shares, the short-interest ratio is presently 0.7 days.

Cannabist Price Performance

OTCMKTS:CBSTF traded down $0.01 during trading hours on Friday, hitting $0.05. 1,597,416 shares of the stock were exchanged, compared to its average volume of 883,196. The firm’s fifty day moving average price is $0.06 and its 200 day moving average price is $0.13. Cannabist has a 52-week low of $0.05 and a 52-week high of $0.44.

Cannabist Company Profile

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.