SNDL Inc. (NasdaqCM:SNDL) operates within the cannabis industry, focusing on the production, distribution, and sale of cannabis products for both recreational and medicinal markets. The company has pursued growth through strategic acquisitions and invests in research and development for new strains and products.1
Here's a look at some key Fintel data points for SNDL:
Institutional Ownership & Sentiment
SNDL has a notable institutional presence, with 143 institutional owners holding approximately 48.25 million shares, representing about 18.75% of shares outstanding.2 Top institutional holders include Cannell Capital Llc, Toroso Investments, LLC, and Amplify ETF Trust - Amplify Alternative Harvest ETF.3 The Fund Sentiment Score for SNDL is currently around 30-32 out of 100, which suggests that institutional accumulation is below average when compared to its peers.4
Short Interest Data
The short interest in SNDL is relatively low. As of the latest data, there are approximately 2.85 million shares short, which constitutes about 1.12% of the float.5 The days to cover ratio stands at 0.61 days, indicating that short positions could be covered quickly.5 The borrow rate is 0.50%, which is generally low.6 This suggests limited pressure from short sellers.
Fundamental and Analyst Perspective
From a fundamental scoring perspective, SNDL shows a strong Piotroski F-Score of 7.00 out of 9, which often indicates a healthy financial position.6 The company also scores well on Growth (around 67/100) and Momentum (around 88/100).4 However, its Profitability and Quality Scores are lower, in the 36-43 range.4 Analysts have recently revised the average one-year price target for SNDL to $4.59.6
Overall, SNDL presents a mixed picture with moderate institutional interest and low short pressure, alongside some strong fundamental scores in growth and momentum, but weaker profitability and quality metrics.
