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A worker checks cannabis plants inside the Tilray factory hothouse in Cantanhede, Portugal, on April 24, 2019.RAFAEL MARCHANTE/Reuters

Cannabis producer Tilray has seen a rise in short interest in the past week, with 36.6% of its freefloat out on loan, according to estimates from financial analytics firm Ortex on Wednesday.

Tilray shares surged 37% on Wednesday amid signs the Reddit community behind the recent retail trading frenzy and the GameStop short squeeze is now talking up the cannabis sector.

Shares in other pot firms were also on the rise.

The proportion of Tilray shares out on loan amounted to 41 million shares, Ortex said, comparing this to stock exchange data for Jan. 29 which showed 30.8 million shares or 27% of the freefloat on loan.

S3 Partners, another financial analytics firm, put Tilray’s short interest at 31 million shares as of Tuesday.

Estimated short interest in video game retailer GameStop , meanwhile, declined to 39% of freefloat versus exchange estimates of 46% at the end of January.

S3 Partners’ data indicated short selling in GameStop on Tuesday was at 26 million shares, equivalent to $1.3 billion.

GameStop’s stock on Wednesday rebounded 22% to $61.36 after dropping in recent sessions from an intraday high of almost $500 during the January short squeeze.

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