Cronos stock is 16% higher to trade at $7.68, likely catching several short sellers off-guard. The 61.16 million shares sold short account for almost 35% of the equity's available float.
Interesting article about the short position in the various cannabis stocks. These numbers can't last forever, at some point the shorts will cover. They all had a nice rally yesterday, maybe the start of the shorts covering some of their positions. I'm more long the cannabis stocks than ever going into the new year....
Read the full story here...
https://finance.yahoo.com/news/3-weed-stocks-lighting-options-191138967.html
