Jushi Holdings Inc. (OTCMKTS:JUSHF) Short Interest Up 131.4% in June

Jushi Holdings Inc. (OTCMKTS:JUSHF) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 19,716 shares, a growth of 131.4% from the May 31st total of 8,522 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 345,977 shares, the days-to-cover ratio is currently 0.1 days.

Jushi Price Performance

JUSHF traded up $0.01 during trading on Wednesday, hitting $0.50. The stock had a trading volume of 10,921 shares, compared to its average volume of 164,516. The company has a 50 day moving average price of $0.49 and a 200-day moving average price of $0.53. The firm has a market cap of $100.13 million, a price-to-earnings ratio of -1.39 and a beta of -0.71. Jushi has a one year low of $0.30 and a one year high of $0.98.

Jushi (OTCMKTS:JUSHF) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company had revenue of $66.43 million for the quarter, compared to analyst estimates of $67.05 million. As a group, sell-side analysts predict that Jushi will post -0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets downgraded Jushi from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

About Jushi

Jushi Holdings Inc is a vertically integrated cannabis company engaged in the cultivation, manufacturing and sale of cannabis products across the United States. The company operates cultivation and processing facilities that support a diversified portfolio of consumer brands, serving both medical and adult-use markets. Through its in-house operations, Jushi produces hand-trimmed flower, pre-rolls, vaporizers, concentrates, edibles and topicals.

Jushi’s brand lineup includes Foray, Levia and Beboe, each designed to address distinct consumer preferences and consumption occasions.