Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Short Interest Up 1,373.6% in April

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWHGet Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 92,793 shares, an increase of 1,373.6% from the April 15th total of 6,297 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 713,816 shares, the days-to-cover ratio is currently 0.1 days.

Ascend Wellness Stock Performance

Shares of OTCMKTS AAWH traded down $0.03 during trading on Monday, reaching $0.56. 285,877 shares of the stock traded hands, compared to its average volume of 252,497. Ascend Wellness has a 52-week low of $0.26 and a 52-week high of $1.20. The company has a debt-to-equity ratio of 133.34, a current ratio of 1.92 and a quick ratio of 1.14. The company has a 50-day moving average of $0.50 and a 200-day moving average of $0.60. The stock has a market capitalization of $114.26 million, a P/E ratio of -0.97 and a beta of 1.22.

Ascend Wellness (OTCMKTS:AAWHGet Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). Ascend Wellness had a negative net margin of 23.61% and a negative return on equity of 1,099.51%. The business had revenue of $120.55 million during the quarter, compared to the consensus estimate of $120.00 million. Analysts forecast that Ascend Wellness will post -0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Ascend Wellness from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Ascend Wellness presently has an average rating of “Sell”.

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Ascend Wellness Company Profile

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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.

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