Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 14,974 shares, a drop of 47.2% from the June 30th total of 28,349 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 58,720 shares, the short-interest ratio is currently 0.3 days.
Analyst Ratings Changes
Separately, Zacks Research raised Ascend Wellness from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Report on AAWH
Ascend Wellness Trading Down 1.6%
Ascend Wellness (OTCMKTS:AAWH – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Ascend Wellness had a negative return on equity of 1,099.51% and a negative net margin of 26.24%. As a group, equities analysts predict that Ascend Wellness will post -0.32 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.
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