Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Sees Large Drop in Short Interest

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 69,349 shares, a decline of 49.8% from the August 31st total of 138,238 shares. Based on an average daily volume of 282,047 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Ascend Wellness Price Performance

AAWH opened at $0.65 on Wednesday. The business has a 50 day moving average price of $0.46 and a two-hundred day moving average price of $0.49. The company has a market capitalization of $131.44 million, a price-to-earnings ratio of -1.14 and a beta of 1.23. Ascend Wellness has a 1-year low of $0.34 and a 1-year high of $1.20.

Ascend Wellness (OTCMKTS:AAWH) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. Ascend Wellness had a negative return on equity of 1,099.51% and a negative net margin of 23.31%. Equities analysts expect that Ascend Wellness will post -0.28 EPS for the current fiscal year.

Ascend Wellness Company Profile

Ascend Wellness Holdings, Inc is a vertically integrated cannabis company that cultivates, manufactures and retails cannabis products in the United States. The company operates through a combination of cultivation and processing facilities and adult-use and medical cannabis dispensaries.

Ascend offers cannabis flower, pre-rolls, vaporizer products, concentrates, edibles and other cannabis-related products. Its portfolio includes products sold under brands such as Ozone, &Shine, Simply Herb and The Bank, as well as products from third-party brands carried in its dispensaries.

The company serves regulated cannabis markets in multiple states, including Illinois, Massachusetts, Michigan, New Jersey, Ohio and Pennsylvania.