Trulieve Cannabis Corp. (NYSE:TRLV – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,742,142 shares, a growth of 115.1% from the June 30th total of 809,950 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,051,176 shares, the days-to-cover ratio is presently 1.7 days.
Trulieve Cannabis Stock Performance
NYSE TRLV traded down $0.06 during trading hours on Tuesday, reaching $8.27. 619,138 shares of the company were exchanged, compared to its average volume of 631,280. Trulieve Cannabis has a 1 year low of $4.19 and a 1 year high of $13.28.
Insiders Place Their Bets
In other Trulieve Cannabis news, CEO Kim A. Rivers sold 400,000 shares of Trulieve Cannabis stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $8.17, for a total transaction of $3,268,000.00. Following the transaction, the chief executive officer directly owned 1,913,724 shares of the company’s stock, valued at $15,635,125.08. The trade was a 17.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,699,007 shares of company stock worth $14,661,355. 3.79% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Analysis on Trulieve Cannabis
Trulieve Cannabis Company Profile
Trulieve Cannabis Corp. is a vertically integrated cannabis company focused on the cultivation, processing, and retail sale of medical and adult-use cannabis products. The company offers a range of products that may include flower, pre-rolls, concentrates, edibles, vape products, and topicals through its dispensary network and branded product portfolio.
Trulieve’s operations have been centered primarily in the United States, with a strong presence in Florida and additional markets in other states where cannabis is legally regulated.
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