Clever Leaves Holdings Inc. (NASDAQ:CLVR) Sees Large Increase in Short Interest

Clever Leaves Holdings Inc. (NASDAQ:CLVR) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 20,100 shares, an increase of 64.8% from the March 15th total of 12,200 shares. Based on an average daily trading volume, of 24,100 shares, the short-interest ratio is presently 0.8 days.

Clever Leaves Trading Up 2.1 %

CLVR stock opened at $5.02 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.63 and a debt-to-equity ratio of 0.03. Clever Leaves has a 12-month low of $1.72 and a 12-month high of $11.00. The stock has a market cap of $8.79 million, a price-to-earnings ratio of -0.44 and a beta of 1.54. The business’s 50-day moving average is $4.10 and its 200 day moving average is $3.05.

Institutional Investors Weigh In On Clever Leaves

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in Clever Leaves by 1,531.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,138,423 shares of the company’s stock worth $1,111,000 after buying an additional 1,068,623 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Clever Leaves by 78.5% in the 3rd quarter. Vanguard Group Inc. now owns 447,000 shares of the company’s stock worth $270,000 after buying an additional 196,531 shares during the last quarter. State Street Corp boosted its holdings in Clever Leaves by 64.8% in the 3rd quarter. State Street Corp now owns 102,217 shares of the company’s stock worth $62,000 after buying an additional 40,200 shares during the last quarter. Vident Investment Advisory LLC boosted its holdings in Clever Leaves by 79.0% in the 1st quarter. Vident Investment Advisory LLC now owns 54,690 shares of the company’s stock worth $136,000 after buying an additional 24,143 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Clever Leaves in the 2nd quarter worth about $53,000. 6.92% of the stock is currently owned by institutional investors and hedge funds.

About Clever Leaves

Clever Leaves Holdings Inc operates in the botanical cannabinoid and nutraceutical industries. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment engages in the cultivation, extraction, manufacturing, commercialization, and distribution of cannabinoid products internationally.