Curaleaf Holdings, Inc. (OTCMKTS:CURLF) Sees Significant Decrease in Short Interest

Curaleaf Holdings, Inc. (OTCMKTS:CURLF – Get Rating) saw a significant decrease in short interest in April. As of April 30th, there was short interest totalling 937,200 shares, a decrease of 61.4% from the April 15th total of 2,427,000 shares. Based on an average daily trading volume, of 1,076,700 shares, the short-interest ratio is presently 0.9 days.

OTCMKTS CURLF opened at $5.61 on Thursday. Curaleaf has a twelve month low of $5.08 and a twelve month high of $15.47. The stock has a fifty day simple moving average of $6.35 and a 200 day simple moving average of $7.88.

Curaleaf (OTCMKTS:CURLF – Get Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02).

CURLF has been the subject of several research analyst reports. MKM Partners reiterated a “buy” rating and set a $14.00 price target on shares of Curaleaf in a report on Tuesday. Cantor Fitzgerald upped their price target on shares of Curaleaf from $15.50 to $16.50 and gave the stock an “overweight” rating in a report on Monday, April 25th. Benchmark initiated coverage on shares of Curaleaf in a report on Friday, February 25th. They set a “buy” rating and a $12.00 price target for the company. Needham & Company LLC lowered their price target on shares of Curaleaf from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, March 4th. Finally, Canaccord Genuity Group decreased their price objective on Curaleaf from C$15.50 to C$14.50 in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $18.64.

About Curaleaf (Get Rating)

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates in two segments, Cannabis Operations and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels. The Non-Cannabis Operations segment provides professional services, including cultivation, processing, and retail know-how and back-office administration, intellectual property licensing, real estate leasing services, and lending facilities to medical and adult-use cannabis licensees under management service agreements.

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