Posted by admin on Aug 18th, 2022
Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF – Get Rating) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 2,834,600 shares, a decrease of 6.2% from the July 15th total of 3,021,600 shares. Based on an average daily volume of 243,200 shares, the short-interest ratio is presently 11.7 days.
CWBHF opened at $0.75 on Thursday. Charlotte’s Web has a 12-month low of $0.38 and a 12-month high of $3.19. The business has a 50 day moving average of $0.55 and a 200-day moving average of $0.80.
Charlotte’s Web (OTCMKTS:CWBHF – Get Rating) last released its quarterly earnings data on Monday, May 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06).
CWBHF has been the subject of several recent research reports. Cowen reduced their price target on Charlotte’s Web from $2.00 to $1.00 and set an “outperform” rating for the company in a research report on Friday, May 20th. Canaccord Genuity Group reduced their price target on Charlotte’s Web from C$3.00 to C$2.25 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Cowen reduced their price target on Charlotte’s Web from $2.00 to $1.00 in a research report on Friday, May 20th. Finally, Benchmark cut Charlotte’s Web from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1.91.
Charlotte's Web Holdings, Inc engages in farming, manufacturing, marketing, and selling hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies comprising sleep, stress, immunity, and exercise recovery products; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, CBD Medic, CBD Clinic, and Harmony Hemp brands.
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