The Canadian cannabis stocks we’ve dug up have accumulated large short positions as the cannabis speculative frenzy lifts the sector to new highs
SmallCapPower | September 20, 2018: The Canadian cannabis stocks we have weeded out today have accumulated large short positions following Constellation’s August 15, 2018 announcement of an additional $5B investment in Canopy Growth Corp. Additional developments have helped sustain the sector-wide rally, including reports of Coca Cola entering the cannabis-infused beverage market, as well as Tilray receiving an export license for medical cannabis from the U.S. government. This rally, however, has been accompanied by a spike in short interest. Shares Held Short represents the outstanding shares that have been sold short, whereas short interest ratio takes the shares held short and divides it by the average daily volume of shares traded.
Canopy Growth Corporation (TSX:WEED) – $67.33