Short Interest in Vireo Growth Inc (OTCMKTS:VREOD) Declines By 97.8%

Vireo Growth Inc (OTCMKTS:VREOD) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2 shares, a decrease of 97.8% from the June 15th total of 93 shares. Based on an average trading volume of 36,649 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Vireo Growth to a “strong sell” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Vireo Growth Price Performance

Vireo Growth stock remained flat at $9.95 during midday trading on Friday. Vireo Growth has a 52-week low of $8.91 and a 52-week high of $24.00. The stock’s 50 day moving average is $11.50 and its 200-day moving average is $13.58. The company has a market cap of $450.88 million, a P/E ratio of -3.01 and a beta of 1.78. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.70.

Vireo Growth Company Profile

Vireo Growth is a cannabis-focused company that develops and operates licensed cannabis cultivation, processing, and retail businesses in the United States. The company’s activities generally center on producing and distributing cannabis products for both medical and adult-use markets, depending on the laws of the states in which it operates.

Vireo Growth has pursued a multi-state strategy, with operations historically concentrated in select U.S. markets where cannabis is legal under state law.