Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 138,238 shares, a growth of 71.0% from the August 15th total of 80,832 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 205,682 shares, the short-interest ratio is currently 0.7 days.
Ascend Wellness Price Performance
Shares of OTCMKTS:AAWH opened at $0.53 on Wednesday. Ascend Wellness has a 1 year low of $0.34 and a 1 year high of $1.20. The stock has a market capitalization of $106.86 million, a price-to-earnings ratio of -0.92 and a beta of 1.23. The company’s 50 day simple moving average is $0.43 and its 200 day simple moving average is $0.48.
Ascend Wellness (OTCMKTS:AAWH – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.07. Ascend Wellness had a negative return on equity of 1,099.51% and a negative net margin of 23.31%. As a group, analysts anticipate that Ascend Wellness will post -0.28 EPS for the current fiscal year.
Ascend Wellness Company Profile
Ascend Wellness Holdings, Inc is a vertically integrated cannabis company that cultivates, manufactures and retails cannabis products in the United States. The company operates through a combination of cultivation and processing facilities and adult-use and medical cannabis dispensaries.
Ascend offers cannabis flower, pre-rolls, vaporizer products, concentrates, edibles and other cannabis-related products. Its portfolio includes products sold under brands such as Ozone, &Shine, Simply Herb and The Bank, as well as products from third-party brands carried in its dispensaries.
The company serves regulated cannabis markets in multiple states, including Illinois, Massachusetts, Michigan, New Jersey, Ohio and Pennsylvania.
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