Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Sees Large Increase in Short Interest

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 108,381 shares, a growth of 79.9% from the September 30th total of 60,234 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 296,047 shares, the days-to-cover ratio is currently 0.4 days.

Ascend Wellness Stock Performance

Shares of AAWH opened at $0.40 on Monday. The stock’s 50 day moving average is $0.47 and its two-hundred day moving average is $0.50. Ascend Wellness has a 12 month low of $0.34 and a 12 month high of $1.20. The firm has a market cap of $81.05 million, a P/E ratio of -0.70 and a beta of 1.22.

Ascend Wellness (OTCMKTS:AAWH) last issued 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. Equities research analysts forecast that Ascend Wellness will post -0.28 EPS for the current year.

Ascend Wellness Company Profile

Ascend Wellness Holdings, Inc is a vertically integrated cannabis company that cultivates, manufactures, and sells cannabis products in the United States. The company serves both medical and adult-use markets, subject to applicable state regulations.

Ascend’s product portfolio includes flower, pre-rolls, vapes, concentrates, edibles, and other cannabis products sold under brands such as Ozone, Simply Herb, Common Goods, and &Shine. The company distributes products through its own retail dispensaries and through wholesale channels serving third-party cannabis retailers.

Ascend has operated cultivation, manufacturing, and retail businesses in several U.S.