Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Short Interest Update

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 20,768 shares, a growth of 282.0% from the May 31st total of 5,437 shares. Based on an average daily trading volume, of 111,005 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Ascend Wellness from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Ascend Wellness Stock Up 4.6%

OTCMKTS AAWH opened at $0.47 on Friday. The company has a market capitalization of $94.70 million, a P/E ratio of -0.73 and a beta of 1.19. The company has a debt-to-equity ratio of 133.34, a quick ratio of 1.15 and a current ratio of 2.14. The stock has a 50 day moving average price of $0.53 and a 200-day moving average price of $0.57. Ascend Wellness has a one year low of $0.26 and a one year high of $1.20.

Ascend Wellness (OTCMKTS:AAWH) last released its earnings results on Wednesday, May 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Ascend Wellness had a negative net margin of 26.24% and a negative return on equity of 1,099.51%. As a group, equities analysts predict that Ascend Wellness will post -0.32 EPS for the current fiscal year.

Ascend Wellness Company Profile

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flower, pre-rolls, concentrates, vapes, edibles, tinctures, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Tunnel Vision, Miss Grass, Lowell Smokes, Edie Parker, 1906, and AiroPro brands. It also owns, operates, and manages cannabis cultivation facilities and dispensaries. The company sells its products through company-owned retail stores and third-party licensed retail cannabis stores.