Cresco Labs Inc. (OTCMKTS:CRLBF) Short Interest Down 9.8% in December

Cresco Labs Inc. (OTCMKTS:CRLBF - Get Free Report) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 726,100 shares, a drop of 9.8% from the November 30th total of 805,300 shares. Based on an average daily volume of 1,814,600 shares, the days-to-cover ratio is presently 0.4 days.

Cresco Labs Stock Down 3.4 %

Cresco Labs stock traded down $0.03 during midday trading on Monday, hitting $0.82. 1,199,032 shares of the stock were exchanged, compared to its average volume of 773,379. Cresco Labs has a 1 year low of $0.79 and a 1 year high of $2.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.97 and a quick ratio of 1.39. The firm has a market cap of $400.52 million, a P/E ratio of -4.10 and a beta of 1.73. The company has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $1.49.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CRLBF shares. Cormark cut Cresco Labs from a "moderate buy" rating to a "hold" rating in a report on Monday, November 11th. Roth Capital upgraded shares of Cresco Labs to a "strong-buy" rating in a research note on Sunday, November 10th. Finally, Atb Cap Markets downgraded shares of Cresco Labs from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2.50.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.

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