Ascend Wellness Holdings, Inc. (OTC:AAWH) Short Interest Up 49.6% in September

Ascend Wellness Holdings, Inc. (OTC:AAWH) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 54,900 shares, an increase of 49.6% from the September 15th total of 36,700 shares. Based on an average daily trading volume, of 263,100 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 263,100 shares, the short-interest ratio is currently 0.2 days.

Ascend Wellness Stock Down 1.2%

AAWH stock opened at $0.81 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 2.61. The company’s 50 day moving average is $0.74 and its 200 day moving average is $0.49. The stock has a market cap of $165.60 million, a price-to-earnings ratio of -1.98 and a beta of 1.11. Ascend Wellness has a 1-year low of $0.26 and a 1-year high of $0.98.

Analyst Ratings Changes

Separately, Zacks Research upgraded Ascend Wellness from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Ascend Wellness currently has an average rating of “Hold”.

About Ascend Wellness

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.