Jushi Holdings Inc. (OTCMKTS:JUSHF) Sees Significant Growth in Short Interest

Jushi Holdings Inc. (OTCMKTS:JUSHF) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 19,716 shares, an increase of 131.4% from the May 31st total of 8,522 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 345,977 shares, the days-to-cover ratio is currently 0.1 days.

Jushi Stock Up 0.6%

Jushi stock traded up $0.00 on Tuesday, hitting $0.48. The company’s stock had a trading volume of 201,189 shares, compared to its average volume of 165,715. Jushi has a one year low of $0.30 and a one year high of $0.98. The firm has a market cap of $96.34 million, a P/E ratio of -1.34 and a beta of -0.71. The company has a fifty day moving average price of $0.50 and a 200-day moving average price of $0.53.

Jushi (OTCMKTS:JUSHF) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The business had revenue of $66.43 million for the quarter, compared to analysts’ expectations of $67.05 million. Analysts anticipate that Jushi will post -0.27 EPS for the current year.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets cut shares of Jushi from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Jushi Company Profile

Jushi Holdings Inc is a vertically integrated cannabis company engaged in the cultivation, manufacturing and sale of cannabis products across the United States. The company operates cultivation and processing facilities that support a diversified portfolio of consumer brands, serving both medical and adult-use markets. Through its in-house operations, Jushi produces hand-trimmed flower, pre-rolls, vaporizers, concentrates, edibles and topicals.

Jushi’s brand lineup includes Foray, Levia and Beboe, each designed to address distinct consumer preferences and consumption occasions.