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

Cresco Labs Inc. (OTCMKTS:CRLBF) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 726,100 shares, a decline of 9.8% from the November 30th total of 805,300 shares. Based on an average daily volume of 1,814,600 shares, the short-interest ratio is currently 0.4 days.

Cresco Labs Price Performance

Shares of OTCMKTS:CRLBF traded up $0.08 during trading on Tuesday, reaching $0.91. 1,402,153 shares of the company traded hands, compared to its average volume of 776,741. The firm has a market capitalization of $446.01 million, a PE ratio of -4.57 and a beta of 1.73. Cresco Labs has a 52 week low of $0.78 and a 52 week high of $2.65. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 1.80. The company’s 50 day moving average is $1.18 and its two-hundred day moving average is $1.48.

Wall Street Analysts Forecast Growth

CRLBF has been the subject of a number of research reports. Cormark cut shares of Cresco Labs from a “moderate buy” rating to a “hold” rating in a research note on Monday, November 11th. Atb Cap Markets downgraded shares of Cresco Labs from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 9th. Finally, Roth Capital raised Cresco Labs to a “strong-buy” rating in a research report on Sunday, November 10th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.