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

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 20,768 shares, a growth of 282.0% from the May 31st total of 5,437 shares. Based on an average trading volume of 111,005 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Ascend Wellness Trading Up 4.6%

Shares of OTCMKTS:AAWH opened at $0.47 on Friday. Ascend Wellness has a 52 week low of $0.26 and a 52 week high of $1.20. The company’s 50 day moving average is $0.53 and its two-hundred day moving average is $0.57. The company has a current ratio of 2.14, a quick ratio of 1.15 and a debt-to-equity ratio of 133.34. The company has a market cap of $94.70 million, a PE ratio of -0.73 and a beta of 1.19.

Ascend Wellness (OTCMKTS:AAWH) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Ascend Wellness had a negative return on equity of 1,099.51% and a negative net margin of 26.24%. Equities analysts predict that Ascend Wellness will post -0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Ascend Wellness from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus 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. It also owns, operates, and manages cannabis cultivation facilities and dispensaries. The company sells its products through company-owned retail stores and third-party licensed retail cannabis stores.