Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Short Interest Down 47.2% in July

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 14,974 shares, a decrease of 47.2% from the June 30th total of 28,349 shares. Based on an average daily volume of 58,720 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Ascend Wellness from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Ascend Wellness Trading Down 0.1%

Shares of OTCMKTS:AAWH opened at $0.40 on Friday. Ascend Wellness has a 52 week low of $0.34 and a 52 week high of $1.20. The company’s 50 day moving average is $0.48 and its two-hundred day moving average is $0.52. The company has a market cap of $81.11 million, a PE ratio of -0.62 and a beta of 1.20.

Ascend Wellness (OTCMKTS:AAWH) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Ascend Wellness had a negative return on equity of 1,099.51% and a negative net margin of 26.24%. As a group, equities research analysts expect that Ascend Wellness will post -0.32 EPS for the current year.

About Ascend Wellness

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.