Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Short Interest Up 79.1% in August

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 80,832 shares, a growth of 79.1% from the July 30th total of 45,126 shares. Based on an average trading volume of 96,138 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Ascend Wellness from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ascend Wellness presently has a consensus rating of “Hold”.

Ascend Wellness Stock Performance

Shares of AAWH opened at $0.40 on Monday. Ascend Wellness has a fifty-two week low of $0.34 and a fifty-two week high of $1.20. The business has a 50-day moving average of $0.43 and a 200 day moving average of $0.49. The firm has a market cap of $80.17 million, a P/E ratio of -0.69 and a beta of 1.22.

Ascend Wellness (OTCMKTS:AAWH) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Ascend Wellness had a negative net margin of 23.31% and a negative return on equity of 1,099.51%. As a group, research analysts predict that Ascend Wellness will post -0.28 earnings per share for the current fiscal year.

Ascend Wellness Company Profile

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.