Current Short Interest over $900 million Canopy Short interest of over $900 million as of date is very good news for the new entrants and the existing investors.
It shows the substantial hockey stick price appreciation we would be seeing in a few weeks. There is going to be tornado pricing before the November 3 elections.
its a lull time and a great opportunity to pick up shares on every red day.
On low volume days, the algorithms of brokers are at play to bring the share prices down.
canopy is fully funded, doesn't need any dilution, on way to ebitda positive in next two quarters, a market leader in terms of revenues and have the backing of the beer giant constellation.
This has to pick steam in the next few weeks and I predict more than 100% ROI on current levels by oct mid.
The typical canopy growth on green days can have swings of $7-9 whereas current low vol short operated computer bot days are under $1 price range.
the earliest action we can see is by first week of sept, aurora cannabis reports on sept 9.
All the major ones cgc, acb, apha, cron and Hexo should see massive price action in the weeks ahead, canopy is the safest bet IMO
GLTA