Tilray, Inc. (TLRY) With A Massive Gain On Wednesday

The TLRY stock price fluctuated between $14.02 and $16.49 throughout the trading session with the volume trading being 116M shares, which represented a positive variation when compared to the three months average volume of 26M shares.

The share price of Tilray, Inc. (NasdaqGS:TLRY) ran up 25.77% to close Wednesday’s market session at $16.01, higher as compared to yesterday’s close which brings the market valuation of the company to $7.14B.

The 52-week high for the Tilray, Inc.’s shares is $67.00. That puts it -76.1% from that peak but still a 69.06% gain since the share price dropped to a 52-week low of $4.41, while the S&P 500’s share price change was of 35.08%.

What does the trading volume tell us about the TLRY stock?

During the last trading session, Tilray, Inc. (NasdaqGS:TLRY) has seen decay in its daily volume. The daily volume was of 26M, while in the last 10 days the average was 16.94M and last three months – 25.76M.
The decreasing interest in the TLRY stock from the investors is helping to drive the stock price down.

Growing short interest

The Tilray, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 31.86M shares being shorted which translates into 1.67 of a short ratio for TLRY, while in the previous month the shorted shares were 29.7M.

Tilray, Inc. (NasdaqGS:TLRY) financials

With a market cap of 7.14B, Tilray, Inc. holds a total cash of $425.66M that translates into $0.95 per share, while the total debt is of $343.9M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -7.80%. The current revenue is of $611.06M that is $2.09 per share.
This is a not so good sign for the future.