Amass Brands (NASDAQ:AMSS) Shares Shorted: Short Interest Up 174.5% in September

Amass Brands (NASDAQ:AMSS) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 17,604 shares, a growth of 174.5% from the September 15th total of 6,412 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 529,499 shares, the short-interest ratio is presently 0.0 days.

Amass Brands Price Performance

Shares of NASDAQ:AMSS traded down $0.01 during trading hours on Wednesday, hitting $0.36. The company’s stock had a trading volume of 16,085 shares, compared to its average volume of 443,813. The company’s fifty day moving average is $0.76. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.26. The firm has a market capitalization of $4.19 million and a P/E ratio of -0.23. Amass Brands has a 52 week low of $0.32 and a 52 week high of $17.00.

Amass Brands (NASDAQ:AMSS) last announced its earnings results on Friday, August 14th. The company reported ($0.69) EPS for the quarter. The business had revenue of $5.59 million for the quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMSS. Wall Street Zen downgraded shares of Amass Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings started coverage on shares of Amass Brands in a research report on Wednesday, August 19th. They issued a “sell (e-)” rating on the stock. Finally, Maxim Group began coverage on shares of Amass Brands in a report on Thursday, July 2nd. They issued a “buy” rating and a $7.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Amass Brands currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Amass Brands Company Profile

Amass Brands Inc is a consumer brands company focused on developing, marketing and distributing beverage and lifestyle products. Its principal brand, AMASS, is centered on botanical beverages and spirits made with plant-based ingredients.

The AMASS product portfolio includes botanical gin, nonalcoholic spirits, aperitifs, bitters and related beverage products. The company’s offerings are positioned for use in cocktails and other social drinking occasions, while its nonalcoholic products are designed for consumers seeking alternatives to traditional alcoholic beverages.

The AMASS brand was established in 2016 by distiller and herbalist Morgan McLachlan.