High Tide Inc. (NASDAQ:HITI – Get Free Report)’s share price dropped 2.4% on Thursday . The stock traded as low as $1.99 and last traded at $2.00. Approximately 280,481 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 531,106 shares. The stock had previously closed at $2.05.
Analysts Set New Price Targets
Separately, Ventum Cap Mkts raised shares of High Tide to a “strong-buy” rating in a research note on Tuesday, July 16th.
Check Out Our Latest Report on High Tide
High Tide Trading Down 2.0 %
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new position in shares of High Tide in the first quarter worth $32,000. Perritt Capital Management Inc. acquired a new position in High Tide in the first quarter worth approximately $132,000. Virtu Financial LLC acquired a new stake in High Tide in the first quarter valued at approximately $153,000. JW Asset Management LLC increased its stake in shares of High Tide by 36.2% during the 4th quarter. JW Asset Management LLC now owns 102,144 shares of the company’s stock worth $166,000 after purchasing an additional 27,144 shares during the last quarter. Finally, Perritt Capital Management Inc increased its stake in shares of High Tide by 92.3% during the 2nd quarter. Perritt Capital Management Inc now owns 125,000 shares of the company’s stock worth $276,000 after purchasing an additional 60,000 shares during the last quarter. Institutional investors and hedge funds own 4.52% of the company’s stock.
About High Tide
High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.
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