Vireo Growth Inc (OTCMKTS:VREOD) Short Interest Down 97.8% in June

Vireo Growth Inc (OTCMKTS:VREOD) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 2 shares, a drop of 97.8% from the June 15th total of 93 shares. Based on an average daily volume of 36,649 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

Vireo Growth Stock Performance

Shares of Vireo Growth stock remained flat at $9.95 during trading hours on Friday. The firm has a market capitalization of $450.88 million, a P/E ratio of -3.01 and a beta of 1.78. The firm’s 50-day simple moving average is $11.57 and its two-hundred day simple moving average is $13.60. 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 has a 1 year low of $8.91 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.