Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 276,682 shares, a drop of 41.2% from the July 30th total of 470,190 shares. Based on an average daily volume of 502,096 shares, the days-to-cover ratio is currently 0.6 days.
Charlotte’s Web Price Performance
Shares of CWBHF stock opened at $0.31 on Monday. The business’s 50-day moving average price is $0.28 and its 200-day moving average price is $0.49. Charlotte’s Web has a 12 month low of $0.08 and a 12 month high of $0.97.
Charlotte’s Web Company Profile
Charlotte’s Web Holdings, Inc is a producer and distributor of hemp-derived wellness products, operating under the Charlotte’s Web brand name. The company specializes in full-spectrum cannabidiol (CBD) formulations sourced from proprietary hemp genetics and manufactured at its vertically integrated processing facilities in Colorado. Its product suite encompasses CBD oils, capsules, gummies, topicals and pet-specific formulations designed to support general well-being.
Originally founded in 2013 by the Stanley Brothers in Boulder, Colorado, Charlotte’s Web pioneered the consumer CBD market with an emphasis on quality, consistency and transparency.
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