Is Buying Aurora Cannabis Inchares (NYSE:ACB), Having Higher Short Interest a Winning Strategy? | Thorold News

The stock of Aurora Cannabis Inchares (NYSE:ACB) registered an increase of 1.49% in short interest. ACB’s total short interest was 72.08 million shares in April as published by FINRA. Its up 1.49% from 71.03M shares, reported previously. With 32.09 million shares average volume, it will take short sellers 2 days to cover their ACB’s short positions. The short interest to Aurora Cannabis Inchares’s float is 7.76%.

It closed at $8.88 lastly. It is down 10.79% since April 13, 2018 and is downtrending. It has underperformed by 15.16% the SP500.

Aurora Cannabis Inc. produces and distributes medical cannabis products. The company has market cap of $9.04 billion. It is vertically integrated and horizontally diversified across various divisions of the cannabis value chain, from facility engineering and design to cannabis breeding, genetics research, production, derivatives, high value-add product development, home cultivation, wholesale, and retail distribution.

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