Short Interest in Cresco Labs Inc. (OTCMKTS:CRLBF) Grows By 28.7% – MarketBeat

Cresco Labs Inc. (OTCMKTS:CRLBFGet Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,759,900 shares, a growth of 28.7% from the February 29th total of 1,367,000 shares. Based on an average trading volume of 1,481,600 shares, the days-to-cover ratio is presently 1.2 days.

Cresco Labs Trading Down 7.2 %

Shares of CRLBF stock traded down $0.16 on Friday, reaching $2.07. The stock had a trading volume of 948,078 shares, compared to its average volume of 757,664. Cresco Labs has a 1 year low of $1.00 and a 1 year high of $2.77. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 1.39. The company has a 50 day simple moving average of $1.95 and a 200 day simple moving average of $1.77.

Analyst Ratings Changes

CRLBF has been the subject of several research analyst reports. Echelon Wealth Partners upgraded Cresco Labs from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Roth Mkm increased their target price on Cresco Labs from $1.75 to $2.00 and gave the stock a “neutral” rating in

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