Short Sellers Are Back in Cannabis Stocks After Retail Mania
- Aphria, Canopy and Aurora most shorted pot stocks past month
- Short interest in 119 stocks was up by $346 million, S3 says
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Short sellers are again betting cannabis stocks will fall after retail investors squeezed their positions out in the Reddit-fueled trading frenzy.
Overall short interest in the 119 U.S. and Canadian cannabis stocks tracked by S3 Partners increased by $346 million to $3.14 billion over the last 30 days, according to a report dated April 29, though that was still $288 million shy from the level when the year started. The short interest as a percentage of float has been up in almost every cannabis stock in the past month, S3 said.