Is Tilray Set For Another Short Squeeze?

Cannabis companies have seen their share prices rise significantly this year as U.S. lawmakers look set to tackle federal reform measures.

What Happened: Shares of Tilray Inc. (NASDAQ: TLRY) have gained over 250% since the start of January. Traders and investors could be wondering if this is the beginning of a second big short squeeze for the cannabis cultivator.

Why It Matters: In the three months after it went public in June 2018, Tilray share prices shot up over 1,400% reaching $300 per share in September of that year after short sellers were forced to cover their positions due to its tight float structure …

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