Amass Brands (NASDAQ:AMSS) Shares Shorted: Short Interest Up 174.5% in September

Amass Brands (NASDAQ:AMSS) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 17,604 shares, an increase of 174.5% from the September 15th total of 6,412 shares. Based on an average daily volume of 529,499 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the shares of the company are short sold.

Amass Brands Price Performance

Shares of AMSS stock traded down $0.02 during midday trading on Monday, hitting $0.33. The company had a trading volume of 68,743 shares, compared to its average volume of 450,482. The stock has a 50 day simple moving average of $0.80. Amass Brands has a 52-week low of $0.33 and a 52-week high of $17.00. The firm has a market capitalization of $3.77 million and a PE ratio of -0.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.26 and a current ratio of 0.70.

Amass Brands (NASDAQ:AMSS) last released its earnings results on Friday, August 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. The firm had revenue of $5.59 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings initiated coverage on shares of Amass Brands in a research note on Wednesday, August 19th. They set a “sell (e-)” rating for the company. Wall Street Zen lowered shares of Amass Brands from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Maxim Group initiated coverage on shares of Amass Brands in a research note on Thursday, July 2nd. They issued a “buy” rating and a $7.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.00.

Amass Brands Company Profile

Amass Brands Inc is a consumer brands company focused on developing, marketing and distributing beverage and lifestyle products. Its principal brand, AMASS, is centered on botanical beverages and spirits made with plant-based ingredients.

The AMASS product portfolio includes botanical gin, nonalcoholic spirits, aperitifs, bitters and related beverage products. The company’s offerings are positioned for use in cocktails and other social drinking occasions, while its nonalcoholic products are designed for consumers seeking alternatives to traditional alcoholic beverages.

The AMASS brand was established in 2016 by distiller and herbalist Morgan McLachlan.