We track short interest for 150 securities with $111 billion of market cap in our Cannabis Portfolio to get an overview into short selling activity in the market. These U.S. and Canadian stocks and ETFs have over $5.1 billion of total short interest, an average short interest % of float of 8.25% and 16.75% average stock loan fee. Weâ€™ve seen increased short selling activity in this sector throughout all of 2019 with 99.5 million of net shares shorted worth $1.40 billion. In July, short selling was a bit muted, with 7.2 million shares of new short selling worth $169.7 million.
Tilray Incâ€™s (TLRY US) stock price is down almost 3% after reporting 4th quarter results which beat analystsâ€™ revenue estimates. 4th quarter EBITDA losses and EPS loss which were more than twice as large as expectations turned an aftermarket rally into a losing day today.
Aurora Cannabis (ACB US – ACB CN) stock price jumped by 10% as they announced that Trian Fundâ€™s Nelson Peltz is joining the firm as a strategic advisor. Peltz received 20 million options which will vest is transactional and price performance metrics are met.