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

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 45,126 shares, an increase of 201.4% from the July 15th total of 14,974 shares. Based on an average daily volume of 88,633 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Ascend Wellness Stock Down 1.2%

OTCMKTS AAWH opened at $0.41 on Thursday. The stock has a market cap of $84.23 million, a PE ratio of -0.65 and a beta of 1.22. Ascend Wellness has a fifty-two week low of $0.34 and a fifty-two week high of $1.20. The business has a 50 day moving average price of $0.46 and a two-hundred day moving average price of $0.51.

Ascend Wellness (OTCMKTS:AAWH) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. Ascend Wellness had a negative net margin of 26.24% and a negative return on equity of 1,099.51%. Sell-side analysts anticipate that Ascend Wellness will post -0.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Ascend Wellness

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.