Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Shares Shorted: Short Interest Down 61.2% in October

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 42,091 shares, a drop of 61.2% from the October 15th total of 108,381 shares. Based on an average daily volume of 85,400 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Ascend Wellness Stock Performance

OTCMKTS AAWH traded up $0.01 during trading on Friday, reaching $0.36. The company’s stock had a trading volume of 478,319 shares, compared to its average volume of 104,607. The business’s fifty day moving average price is $0.46 and its 200-day moving average price is $0.49. Ascend Wellness has a twelve month low of $0.33 and a twelve month high of $1.20. The firm has a market cap of $73.07 million, a price-to-earnings ratio of -0.62 and a beta of 1.22.

Ascend Wellness (OTCMKTS:AAWH) last announced its earnings results on Thursday, November 12th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). As a group, sell-side analysts forecast that Ascend Wellness will post -0.28 EPS for the current fiscal year.

About Ascend Wellness

Ascend Wellness Holdings is a U.S. cannabis company that cultivates, processes, and sells cannabis products in regulated state markets. Its business combines cultivation and manufacturing facilities with a network of retail dispensaries. The company offers products including cannabis flower, edibles, concentrates, and vape products. Its portfolio includes brands such as Ozone and Simply Herb, alongside products from other suppliers sold through its retail stores. Founded in 2018, Ascend has developed operations across markets including Illinois, Michigan, Ohio, Massachusetts, New Jersey, and Pennsylvania.