Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 236,657 shares, a growth of 70.5% from the May 14th total of 138,765 shares. Based on an average daily trading volume, of 552,477 shares, the days-to-cover ratio is presently 0.4 days.
Charlotte’s Web Stock Performance
Charlotte’s Web stock opened at $0.40 on Monday. Charlotte’s Web has a twelve month low of $0.08 and a twelve month high of $0.97. The company has a 50 day moving average of $0.52 and a 200-day moving average of $0.49.
Charlotte’s Web Company Profile
Charlotte’s Web Holdings, Inc is a producer and distributor of hemp-derived wellness products, operating under the Charlotte’s Web brand name. The company specializes in full-spectrum cannabidiol (CBD) formulations sourced from proprietary hemp genetics and manufactured at its vertically integrated processing facilities in Colorado. Its product suite encompasses CBD oils, capsules, gummies, topicals and pet-specific formulations designed to support general well-being.
Originally founded in 2013 by the Stanley Brothers in Boulder, Colorado, Charlotte’s Web pioneered the consumer CBD market with an emphasis on quality, consistency and transparency.
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