The 10 major shorts in the Cannabis sector, which make up over 95% of all shorts in the sector, were down $28 million in mark-to-market losses today, bringing year-to-date losses to $1.02 billion.
While short interest increased by $908 million in January, it was mostly due to stock price increase and not increased short selling.
In January, we saw increased short selling in Canopy Growth (+6%); Aurora Cannabis (+7%) and Organigram (+18%) while we saw buy to covers in Tilray (-9%) and Aphria (-24%).
Short Interest asĀ % of Float has increased for most of top shorted Cannabis names, except for Tilray and Aphria.
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Managing Director Predictive Analytics, S3 Partners, LLC
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