Vireo Growth Inc (OTCMKTS:VREOD) Short Interest Down 99.9% in June

Vireo Growth Inc (OTCMKTS:VREOD) was the target of a large decrease in short interest during 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. Based on an average daily trading volume, of 236,840 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Vireo Growth Trading Down 0.1%

Vireo Growth stock traded down $0.01 during trading hours on Thursday, hitting $10.00. The stock had a trading volume of 7,766 shares, compared to its average volume of 9,047. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.70. The stock has a market cap of $453.10 million, a price-to-earnings ratio of -3.03 and a beta of 1.43. Vireo Growth has a one year low of $9.41 and a one year high of $24.00. The business’s 50 day simple moving average is $12.30 and its 200-day simple moving average is $14.07.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.