cbdMD, Inc. (NYSEAMERICAN:YCBD) Short Interest Update

cbdMD, Inc. (NYSEAMERICAN:YCBD) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,041,977 shares, an increase of 43.7% from the January 29th total of 725,021 shares. Approximately 10.6% of the shares of the company are sold short. Based on an average daily volume of 687,845 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 687,845 shares, the short-interest ratio is presently 1.5 days. Approximately 10.6% of the shares of the company are sold short.

Insiders Place Their Bets

In other cbdMD news, major shareholder Clark R. Crosnoe sold 550,701 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $2.32, for a total transaction of $1,277,626.32. Following the transaction, the insider directly owned 17,875 shares of the company’s stock, valued at approximately $41,470. This trade represents a 96.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On cbdMD

A hedge fund recently bought a new stake in cbdMD stock. Jane Street Group LLC purchased a new position in cbdMD, Inc. (NYSEAMERICAN:YCBD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 51,141 shares of the company’s stock, valued at approximately $69,000. Jane Street Group LLC owned 0.49% of cbdMD at the end of the most recent reporting period. Institutional investors own 7.18% of the company’s stock.

cbdMD Price Performance

Shares of YCBD traded down $0.07 during mid-day trading on Friday, hitting $0.92. 270,525 shares of the company’s stock were exchanged, compared to its average volume of 1,912,358. cbdMD has a fifty-two week low of $0.47 and a fifty-two week high of $3.36. The business’s 50 day moving average is $1.02 and its two-hundred day moving average is $0.92.

About cbdMD

cbdMD, Inc (NYSEAMERICAN: YCBD) is a Charlotte, North Carolina–based producer and distributor of hemp-derived cannabidiol (CBD) products. Since its founding in 2018, the company has focused on developing a diverse portfolio of wellness offerings designed for human and pet use. Its product range includes tinctures, capsules, gummies, topicals, and pet-specific formulations, each developed to comply with U.S. Food and Drug Administration (FDA) guidelines for hemp-derived substances.

The company operates a vertically integrated business model, sourcing U.S.-grown hemp and overseeing manufacturing processes in cGMP-certified facilities.