Short Interest in TPCO Holding Corp. (OTCMKTS:GRAMF) Drops By 26.4%

TPCO Holding Corp. (OTCMKTS:GRAMFGet Rating) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 72,900 shares, a decrease of 26.4% from the March 31st total of 99,100 shares. Based on an average daily volume of 143,000 shares, the short-interest ratio is presently 0.5 days.

Shares of TPCO stock traded down $0.03 during trading hours on Monday, hitting $1.26. 90,900 shares of the company were exchanged, compared to its average volume of 115,668. The firm has a 50-day simple moving average of $1.24. TPCO has a 1 year low of $1.00 and a 1 year high of $8.09.

Separately, Canaccord Genuity Group decreased their target price on shares of TPCO from $8.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, April 4th.

About TPCO (Get Rating)

TPCO Holding Corp., cultivates, extracts, manufactures, distributes, retails, and delivers cannabis in California. The company offers approximately 17 owned and licensed brands offering 250 stock keeping units across form-factors, such as jarred and bagged whole flower, pre-rolls, infused pre-rolls, bulk extracts, vaporizer cartridges, ready-to-use vapes, concentrates, gummies, chocolate, capsules, tinctures, topicals, and body care products.

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