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.
Canopy Growth (CGC US\WEED CN), Aphria Inc (APHA US\APHA CN) and Aurora Cannabis (ACB US\ACB CN) were winners today while Tilray and Cronos Group (CRON US\CRON CN) were down.
Shorts on the whole were down only $17.5 million in mark-to-market losses today when expectations were for a sector wide rally which would added significantly to their $2.1 billion in year-to-date mark-to-market losses.
Shorts have been slowly exiting the sector, with total short interest declining by $216 million in March to $4.8 billion and shares shorted down 1.6%.
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