Ascend Wellness Holdings, Inc. (OTC:AAWH) Short Interest Up 543.9% in September

Key Points

• Ascend Wellness Holdings, Inc. saw a staggering 543.9% increase in short interest, rising from 5,700 shares at the end of August to 36,700 shares by mid-September.
• The company's stock is currently rated as a "strong sell" by Zacks Research, reflecting bearish sentiment from analysts regarding its performance.
• As of the most recent trading session, Ascend Wellness stock is priced at $0.70, with a market capitalization of $142.62 million and a debt-to-equity ratio of 2.61.

Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 36,700 shares, a growth of 543.9% from the August 31st total of 5,700 shares. Based on an average trading volume of 374,400 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 374,400 shares, the days-to-cover ratio is presently 0.1 days.

Ascend Wellness Stock Performance

AAWH stock traded up $0.01 during trading hours on Wednesday, hitting $0.70. 53,857 shares of the stock were exchanged, compared to its average volume of 162,903. Ascend Wellness has a 12 month low of $0.26 and a 12 month high of $0.93. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $142.62 million, a P/E ratio of -1.70 and a beta of 1.17. The company has a 50-day simple moving average of $0.62 and a two-hundred day simple moving average of $0.44.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Ascend Wellness to a "strong sell" rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

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.

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