Downside Bets on These 3 Pot Stocks Rocketed Higher in January [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
As recently as last March, marijuana stocks were considered the greatest thing since sliced bread. During the first quarter, pot stocks wound up surging, with more than a dozen ending higher by at least 70%. But the past months have been highlighted by a precipitous decline in marijuana stock valuations. Canadian supply problems and high tax rates in core legalized U.S. states have wreaked havoc on the industry and caused Wall Street to reevaluate its expectations (and valuations) for cannabis stocks The hope has been that the changing of the calendar from 09 to 00 would allow the marijuana industry to begin the year with a clean slate, at least in the eyes of investors. But according to short-interest data between Dec. , 09, and Jan. , 00, pessimism still abounds in the cannabis space. In the case of the following three pot stocks, the number of shares held short Image source: Getty Images. Aurora Cannabis Perhaps it's no surprise that one of the most short-sold marijuana stocks is a
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ACB
News
- Aurora Cannabis: Improved Financials, Limited Opportunity [Seeking Alpha]Seeking Alpha
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website