In the meantime, Cantor Fitzgerald initiated its High Tide Inc [HITI] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Desjardins began covering HITI with “Buy” recommendation on September 03, 2021.
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Price Performance Review of HITI
On Friday, High Tide Inc [NASDAQ:HITI] saw its stock jump 1.59% to $3.19. Over the last five days, the stock has lost -7.54%. High Tide Inc shares have risen nearly 95.71% since the year began. Nevertheless, the stocks have risen 101.90% over the past one year. While a 52-week high of $3.62 was reached on 12/03/24, a 52-week low of $1.48 was recorded on 08/05/24. SMA at 50 days reached $2.82, while 200 days put it at $2.28.
Levels Of Support And Resistance For HITI Stock
The 24-hour chart illustrates a support level at 3.11, which if violated will result in even more drops to 3.02. On the upside, there is a resistance level at 3.24. A further resistance level may holdings at 3.28. The Relative Strength Index (RSI) on the 14-day chart is 55.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.10%. Stochastics %K at 55.23% indicates the stock is a holding.
How much short interest is there in High Tide Inc?
A steep rise in short interest was recorded in High Tide Inc stocks on 2024-11-29, dropping by -0.46 million shares to a total of 3.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.24 million shares. There was a decline of -12.19%, which implies that there is a negative sentiment for the stock.
