Jushi Holdings Inc. (OTCMKTS:JUSHF) Sees Significant Drop in Short Interest

Jushi Holdings Inc. (OTCMKTS:JUSHFGet Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 11,121 shares, a decrease of 43.6% from the June 15th total of 19,716 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 315,034 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets cut shares of Jushi from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Get Our Latest Stock Analysis on Jushi

Jushi Trading Down 3.6%

Jushi stock opened at $0.43 on Friday. Jushi has a 1-year low of $0.35 and a 1-year high of $0.98. The company has a fifty day simple moving average of $0.48 and a 200 day simple moving average of $0.51. The company has a market cap of $86.67 million, a P/E ratio of -1.21 and a beta of -0.70.

Jushi (OTCMKTS:JUSHFGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $66.43 million for the quarter, compared to analysts’ expectations of $67.05 million. On average, equities research analysts forecast that Jushi will post -0.27 EPS for the current year.

About Jushi

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Jushi Holdings Inc is a vertically integrated cannabis company engaged in the cultivation, manufacturing and sale of cannabis products across the United States. The company operates cultivation and processing facilities that support a diversified portfolio of consumer brands, serving both medical and adult-use markets. Through its in-house operations, Jushi produces hand-trimmed flower, pre-rolls, vaporizers, concentrates, edibles and topicals.

Jushi’s brand lineup includes Foray, Levia and Beboe, each designed to address distinct consumer preferences and consumption occasions.

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