Institutional Investors Accumulate Tilray Shares Amid Price Weakness

While Tilray Brands, Inc. shares have continued to face downward pressure following a recent reverse stock split, a significant shift is occurring behind the scenes. Fresh regulatory filings reveal that major institutional players have been building substantial positions, suggesting a divergence between near-term price action and long-term investor conviction.

Data released on December 8th shows aggressive buying by two prominent investment firms during the third quarter. Millennium Management dramatically increased its stake by 281 percent, bringing its total holding to nearly 5 million shares. In a parallel move, Tidal Investments added over 3.7 million shares to its portfolio, marking a 15.0 percent increase in its position.

This accumulation points to Read more...