Cannabis Stock Short Sellers are Getting Smoked, Lose $1.7 Billion in 2019

It’s been a great year for cannabis stock investors, but cannabis short sellers are getting burned. Not only are short sellers enduring heavy paper losses as cannabis share prices surge higher, a new report by financial technology and analytics firm S3 Partners suggests the fees to maintain open short positions are on the rise. Tilray’s Big Move The share price of Canadian cannabis grower Tilray (TLRY) has more than tripled since the company went public on the US market back in July of 2018. Along the way, Tilray secured high-profile partnership deals with pharmaceutical giant Novartis (NVS) and alcoholic beverage

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source https://www.ccn.com/cannabis-stocks-short-sellers-smoked-1-7-billion-losses-in-2019

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