Vireo Growth Inc (OTCMKTS:VREOD) Sees Large Drop in Short Interest

Vireo Growth Inc (OTCMKTS:VREOD) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 93 shares, a decrease of 99.9% from the May 31st total of 80,211 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 236,840 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Vireo Growth Stock Performance

Vireo Growth stock opened at $9.98 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average of $12.20 and a 200-day moving average of $14.01. The firm has a market cap of $452.42 million, a P/E ratio of -3.02 and a beta of 1.43. Vireo Growth has a 1-year low of $9.41 and a 1-year high of $24.00.

About Vireo Growth

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.