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Re: IlikeMoneythough post# 30704

Friday, 10/26/2018 2:05:42 PM

Friday, October 26, 2018 2:05:42 PM

Post# of 70332
News: Short sellers made more than $450 million in profits on cannabis stock during a particularly weak two-day stretch following Canadian legalization, according to S3 Analytics. Analyst Ihor Dusaniwsky said this week that short sellers are digging in on cannabis stocks and see more downside ahead, particularly in a handful of names.
“At the moment, there is a large concentration of short selling in the sector, with only seven stocks having over $100 million in short interest and the top twenty shorts in the Cannabis sector making up over 98 percent of the total short interest in the sector,” Dusaniwsky said in an Oct. 23 report.

Canopy Growth: $677 million in short interest for U.S.-listed ticker, $280 million in short interest for Canadian ticker, $181.2 million in total October profits for short sellers.

Aurora Cannabis Inc (NYSE:ACB) $458 million in short interest for U.S.-listed ticker, $197 million in short interest for Canadian ticker, $128.9 million in total October profits for short sellers.

GW Pharma: $315 million in short interest, $68.3 million in October profits for short sellers.

Tilray: $306 million in short interest, $42.4 million in October profits for short sellers.

Cronos Group Inc (NASDAQ:CRON): $236 million in short interest for U.S.-listed ticker, $37 million in short interest for Canadian ticker, $70.8 million in October profits for short sellers.

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