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

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 69,349 shares, a drop of 49.8% from the August 31st total of 138,238 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 282,047 shares, the days-to-cover ratio is currently 0.2 days.

Ascend Wellness Stock Down 16.6%

AAWH opened at $0.54 on Thursday. The firm has a market capitalization of $109.64 million, a P/E ratio of -0.95 and a beta of 1.23. 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 price is $0.46 and its two-hundred day moving average price is $0.49.

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. Ascend Wellness had a negative net margin of 23.31% and a negative return on equity of 1,099.51%. As a group, analysts anticipate that Ascend Wellness will post -0.28 earnings per share for the current year.

Ascend Wellness Company Profile

Ascend Wellness Holdings, Inc is a vertically integrated cannabis company that cultivates, manufactures and retails cannabis products in the United States. The company operates through a combination of cultivation and processing facilities and adult-use and medical cannabis dispensaries.

Ascend offers cannabis flower, pre-rolls, vaporizer products, concentrates, edibles and other cannabis-related products. Its portfolio includes products sold under brands such as Ozone, &Shine, Simply Herb and The Bank, as well as products from third-party brands carried in its dispensaries.

The company serves regulated cannabis markets in multiple states, including Illinois, Massachusetts, Michigan, New Jersey, Ohio and Pennsylvania.