Short Interest in Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Declines By 78.3%

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 20,108 shares, a decrease of 78.3% from the April 30th total of 92,793 shares. Based on an average daily trading volume, of 256,116 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded Ascend Wellness from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Ascend Wellness Price Performance

Ascend Wellness stock opened at $0.55 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.15 and a debt-to-equity ratio of 133.34. The company has a market capitalization of $110.42 million, a PE ratio of -0.85 and a beta of 1.22. Ascend Wellness has a 12 month low of $0.26 and a 12 month high of $1.20. The stock has a 50-day moving average price of $0.51 and a two-hundred day moving average price of $0.58.

Ascend Wellness (OTCMKTS:AAWH) last posted its earnings results on Wednesday, May 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Ascend Wellness had a negative net margin of 26.24% and a negative return on equity of 1,099.51%. Analysts expect that Ascend Wellness will post -0.32 EPS for the current 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.