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

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 45,126 shares, a growth 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 presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Ascend Wellness Price Performance

Ascend Wellness stock opened at $0.41 on Thursday. The company has a market cap of $84.23 million, a price-to-earnings ratio of -0.65 and a beta of 1.22. Ascend Wellness has a 12 month low of $0.34 and a 12 month high of $1.20. The stock’s 50-day moving average is $0.46 and its 200-day moving average is $0.51.

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

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.