Verano Holdings Corp. (OTCMKTS:VRNOF) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 118,500 shares, a decline of 80.9% from the August 15th total of 620,600 shares. Based on an average daily trading volume, of 564,300 shares, the short-interest ratio is currently 0.2 days.
Several analysts recently weighed in on the stock. Canaccord Genuity upgraded shares of Verano to a “buy” rating in a research report on Thursday, August 5th. BTIG Research started coverage on shares of Verano in a research report on Friday, July 30th. They set a “buy” rating and a $47.00 price target on the stock. Finally, Roth Capital started coverage on shares of Verano in a report on Thursday, July 15th. They issued a “buy” rating and a $16.00 target price on the stock.
OTCMKTS VRNOF traded down $0.69 during trading on Wednesday, reaching $11.29. The company’s stock had a trading volume of 269,900 shares, compared to its average volume of 132,404. The business has a 50-day moving average price of $12.19 and a 200-day moving average price of $14.86. Verano has a 1-year low of $11.00 and a 1-year high of $28.00.
Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. The company produces and sells a suite of cannabis products under the portfolio of consumer brands, including Encore, Avexia, MÃV, and Verano. It designs, builds, and operates dispensaries under the Zen Leaf and MÃV retail brands that delivers a cannabis shopping experience in medical and adult-use markets.
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