Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

Ascend Wellness Trading Up 7.5%

Shares of AAWH opened at $0.57 on Friday. The company’s fifty day moving average is $0.51 and its 200 day moving average is $0.58. Ascend Wellness has a fifty-two week low of $0.26 and a fifty-two week high of $1.20. The stock has a market capitalization of $115.29 million, a PE ratio of -0.89 and a beta of 1.22. The company has a debt-to-equity ratio of 133.34, a quick ratio of 1.15 and a current ratio of 2.14.

Ascend Wellness (OTCMKTS:AAWH) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.15) earnings per share 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%. Sell-side analysts expect that Ascend Wellness will post -0.32 earnings per share for the current fiscal 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.