Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Sees Significant Increase in Short Interest

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 138,238 shares, an increase of 71.0% from the August 15th total of 80,832 shares. Based on an average daily volume of 205,682 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Ascend Wellness Stock Performance

Shares of OTCMKTS AAWH opened at $0.50 on Friday. The company has a market capitalization of $101.51 million, a P/E ratio of -0.88 and a beta of 1.23. Ascend Wellness has a 52-week low of $0.34 and a 52-week high of $1.20. The company’s 50 day moving average price is $0.44 and its 200-day moving average price is $0.48.

Ascend Wellness (OTCMKTS:AAWH) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.05) earnings per share for the quarter, topping 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%. Analysts forecast 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.