High Tide Inc. (NASDAQ:HITI) Sees Large Growth in Short Interest

Posted by Geri Gentry on Oct 1st, 2026

High Tide Inc. (NASDAQ:HITI – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 1,326,387 shares, a growth of 78.2% from the August 31st total of 744,306 shares. Based on an average daily trading volume, of 920,194 shares, the short-interest ratio is presently 1.4 days. Approximately 1.7% of the shares of the stock are sold short.

High Tide Trading Down 1.6%

Shares of HITI stock traded down $0.04 during trading hours on Thursday, reaching $2.69. 95,203 shares of the stock traded hands, compared to its average volume of 547,605. The company has a quick ratio of 0.81, a current ratio of 1.50 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $239.34 million, a PE ratio of -11.67 and a beta of 0.62. High Tide has a 1-year low of $2.02 and a 1-year high of $3.80. The business has a fifty day moving average price of $2.46 and a 200 day moving average price of $2.38.

High Tide (NASDAQ:HITI – Get Free Report) last posted its quarterly earnings data on Monday, September 14th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. High Tide had a negative net margin of 4.73% and a positive return on equity of 5.13%. The firm had revenue of $141.74 million for the quarter, compared to analysts’ expectations of $138.97 million. On average, equities research analysts forecast that High Tide will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HITI. Renaissance Technologies LLC lifted its stake in High Tide by 13.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,067,632 shares of the company’s stock worth $2,445,000 after acquiring an additional 122,569 shares in the last quarter. State of Wyoming purchased a new position in High Tide during the 1st quarter valued at about $387,000. AXQ Capital LP purchased a new position in High Tide during the 2nd quarter valued at about $86,000. Spark Investment Management LLC acquired a new position in shares of High Tide in the 4th quarter valued at about $43,000. Finally, Friday Financial acquired a new position in shares of High Tide in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 4.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on HITI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of High Tide in a research note on Friday, July 17th. Wall Street Zen cut shares of High Tide from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, D. Boral Capital began coverage on shares of High Tide in a research note on Wednesday, July 22nd. They set a “buy” rating and a $4.00 target price for the company. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.62.

View Our Latest Analysis on HITI

High Tide Company Profile

(Get Free Report)

High Tide Inc is a Canadian cannabis company focused on the retail and sale of cannabis products and consumption accessories. Its retail operations are conducted primarily under the Canna Cabana brand, while its digital platforms support online shopping, customer engagement and loyalty programs.

The company offers a range of products, including dried cannabis, pre-rolls, cannabis oils, edibles, beverages and other cannabis formats, subject to applicable regulations. Through related brands and platforms, High Tide also sells smoking accessories and other products designed for cannabis consumers.

Founded in 2009, High Tide is headquartered in Calgary, Alberta, and serves Canadian consumers through its retail network and e-commerce operations.