Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF) Sees Large Increase in Short Interest

Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 353,854 shares, an increase of 78.2% from the August 31st total of 198,573 shares. Based on an average daily volume of 393,670 shares, the days-to-cover ratio is presently 0.9 days.

Charlotte’s Web Stock Performance

Shares of CWBHF traded up $0.01 on Wednesday, reaching $0.28. The company’s stock had a trading volume of 24,592 shares, compared to its average volume of 511,622. The stock’s 50 day simple moving average is $0.29 and its two-hundred day simple moving average is $0.42. Charlotte’s Web has a 12-month low of $0.08 and a 12-month high of $0.97.

Charlotte’s Web Company Profile

Charlotte’s Web Holdings, Inc is a health and wellness company focused on hemp-derived cannabidiol (CBD) products. The company develops, manufactures and markets CBD-based consumer products intended to support general wellness, including oils, gummies, capsules, topicals and other supplement formats.

The company also offers hemp-derived products for pets, including CBD oils, chews and related wellness products. Its products are sold through the company’s e-commerce platform, retail partners and other distribution channels, subject to applicable regulations in the markets where they are offered.

Charlotte’s Web was founded in Colorado in 2011 by the Stanley brothers and was named after Charlotte Figi, whose story helped bring public attention to hemp-derived CBD.