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

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 80,832 shares, a growth of 79.1% from the July 30th total of 45,126 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 96,138 shares, the short-interest ratio is presently 0.8 days.

Ascend Wellness Trading Up 1.9%

OTCMKTS:AAWH opened at $0.40 on Tuesday. The stock’s 50-day moving average is $0.43 and its 200-day moving average is $0.49. Ascend Wellness has a 1-year low of $0.34 and a 1-year high of $1.20. The stock has a market cap of $81.72 million, a P/E ratio of -0.71 and a beta of 1.22.

Ascend Wellness (OTCMKTS:AAWH) last issued 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 23.31% and a negative return on equity of 1,099.51%. As a group, equities analysts forecast that Ascend Wellness will post -0.28 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded Ascend Wellness from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Ascend Wellness currently has an average rating of “Hold”.

Ascend Wellness Company Profile

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.