Cresco Labs Inc. (OTCMKTS:CRLBF) Short Interest Update

Cresco Labs Inc. (OTCMKTS:CRLBF) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 805,300 shares, an increase of 5.7% from the November 15th total of 762,000 shares. Based on an average daily volume of 1,541,300 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Roth Capital upgraded shares of Cresco Labs to a “strong-buy” rating in a research report on Sunday, November 10th. Atb Cap Markets downgraded shares of Cresco Labs from a “strong-buy” rating to a “hold” rating in a report on Monday, December 9th. Finally, Cormark cut shares of Cresco Labs from a “moderate buy” rating to a “hold” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Cresco Labs has a consensus rating of “Moderate Buy” and a consensus price target of $2.50.

Cresco Labs Trading Down 4.9 %

Shares of CRLBF opened at $0.95 on Tuesday. Cresco Labs has a fifty-two week low of $0.93 and a fifty-two week high of $2.65. The company has a market capitalization of $464.42 million, a PE ratio of -4.76 and a beta of 1.73. The stock has a fifty day moving average of $1.35 and a two-hundred day moving average of $1.56. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.39 and a current ratio of 1.97.

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.