Verano Holdings Corp. (OTCMKTS:VRNOF) was the recipient of a significant drop in short interest in May. As of May 28th, there was short interest totalling 6,900 shares, a drop of 99.2% from the May 13th total of 897,800 shares. Based on an average daily volume of 66,800 shares, the days-to-cover ratio is currently 0.1 days.
Several research analysts have recently issued reports on the company. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Verano in a research note on Tuesday, May 11th. Canaccord Genuity assumed coverage on shares of Verano in a report on Friday, March 12th. They set a “buy” rating on the stock.
Shares of VRNOF traded up $0.15 during mid-day trading on Friday, reaching $18.85. 24,400 shares of the company were exchanged, compared to its average volume of 69,600. The stock has a 50 day simple moving average of $19.59. Verano has a 52 week low of $16.35 and a 52 week high of $28.00.
Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. The company produces and sells a suite of cannabis products under the portfolio of consumer brands, including Encore, Avexia, MÃV, and Verano. It designs, builds, and operates dispensaries under the Zen Leaf and MÃV retail brands that delivers a cannabis shopping experience in medical and adult-use markets.
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