Short Interest in Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF) Drops By 23.5%

Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 161,200 shares, a decline of 23.5% from the August 15th total of 210,600 shares. Based on an average daily volume of 293,000 shares, the days-to-cover ratio is currently 0.6 days.

Charlotte’s Web Stock Performance

Shares of CWBHF remained flat at $0.14 during midday trading on Tuesday. The stock had a trading volume of 280,265 shares, compared to its average volume of 218,113. The business has a 50-day moving average price of $0.15 and a 200-day moving average price of $0.17. Charlotte’s Web has a 1 year low of $0.12 and a 1 year high of $0.47.

About Charlotte’s Web

Charlotte's Web Holdings, Inc is involved in the farming, manufacture, marketing, and sale of hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, ReCreate, CBD Medic, CBD Clinic, and Harmony Hemp brands.