VFF - Pessimism Is Surging With These 3 Pot Stocks
Through the end of the first quarter, cannabis had been the hottest investment on Wall Street. Over the past three-plus years, most pot stocks had risen by a triple-digit or quadruple-digit percentage, with lofty sales expectations fueling this surge in valuations.
However, the past seven-plus months have been nothing short of a train wreck for pot stocks. Most brand-name marijuana stocks, whether they're listed on a major U.S. exchange or the over-the-counter exchange, have been crushed. In many instances, cannabis companies have seen at least half of their market value go up in smoke.
This decline in pot stocks has some folks out looking for a good deal. Meanwhile, short-sellers (investors who make money if stock prices fall) remain vigilant in a handful of cannabis stocks. The following three pot stocks have witnessed a significant surge in shares held short between mid-September and mid-October.