Tilray(US:TLRY) Schaeffers Investment Research·2025-12-12 15:41Core Insights - Tilray Brands Inc (NASDAQ:TLRY) stock has surged by 29% to $10.87 following reports that U.S. President Donald Trump intends to reclassify marijuana and ease restrictions significantly [1] - The stock is trading at its highest levels since mid-November, breaking above the descending 20-day moving average, and could mark its largest daily percentage gain since a 60.9% increase in September [1] Options Activity - Options trading for Tilray has seen a significant uptick, with 49,000 calls and 18,000 puts exchanged, which is six times the typical volume for this time [2] - The most popular options include the weekly 12/12 11-strike put and the 12-strike call, with new positions being opened in both [2] Short Interest - Short interest in Tilray has decreased by 88.8% over the last two weeks, although it still represents 9.6% of the stock's available float [3] - It would take nearly two days for short sellers to cover their positions based on TLRY's average trading volume [3]