Jushi Holdings Inc. (OTCMKTS:JUSHF) Short Interest Down 76.9% in May

Jushi Holdings Inc. (OTCMKTS:JUSHF) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 112,504 shares, a decline of 76.9% from the April 30th total of 486,997 shares. Based on an average trading volume of 232,113 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Jushi Price Performance

Shares of JUSHF traded down $0.04 during trading hours on Friday, hitting $0.49. 125,306 shares of the company were exchanged, compared to its average volume of 115,022. The company has a market capitalization of $96.99 million, a PE ratio of -1.35 and a beta of -0.67. The firm has a fifty day simple moving average of $0.50 and a 200-day simple moving average of $0.53. Jushi has a one year low of $0.27 and a one year high of $0.98.

Jushi (OTCMKTS:JUSHF) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The firm had revenue of $66.43 million during the quarter, compared to analyst estimates of $67.05 million. Sell-side analysts expect that Jushi will post -0.27 EPS for the current year.

Analyst Upgrades and Downgrades

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

Jushi Company Profile

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.