Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Stock Short Interest Report for October

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 108,381 shares, a growth of 79.9% from the September 30th total of 60,234 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 296,047 shares, the short-interest ratio is presently 0.4 days.

Ascend Wellness Stock Down 1.1%

AAWH stock opened at $0.39 on Tuesday. The business has a 50 day moving average price of $0.47 and a 200 day moving average price of $0.50. Ascend Wellness has a fifty-two week low of $0.34 and a fifty-two week high of $1.20. The stock has a market cap of $80.13 million, a price-to-earnings ratio of -0.69 and a beta of 1.18.

Ascend Wellness (OTCMKTS:AAWH) last issued its earnings results on Wednesday, August 12th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07. As a group, sell-side analysts anticipate that Ascend Wellness will post -0.28 EPS for the current year.

Ascend Wellness Company Profile

Ascend Wellness Holdings, Inc is a vertically integrated cannabis company that cultivates, manufactures, and sells cannabis products in the United States. The company serves both medical and adult-use markets, subject to applicable state regulations.

Ascend’s product portfolio includes flower, pre-rolls, vapes, concentrates, edibles, and other cannabis products sold under brands such as Ozone, Simply Herb, Common Goods, and &Shine. The company distributes products through its own retail dispensaries and through wholesale channels serving third-party cannabis retailers.

Ascend has operated cultivation, manufacturing, and retail businesses in several U.S.