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

Key Points

• Ascend Wellness Holdings, Inc. saw a 43.5% decline in short interest, dropping from 6,900 shares to 3,900 shares as of July 31st.
• The company's stock reached $0.67 during trading, with a market capitalization of approximately $136.81 million and a price-to-earnings ratio of -1.63.
• Zacks Research downgraded Ascend Wellness to a "strong sell" rating on August 12th, indicating concerns about the stock's performance.

Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 3,900 shares, adeclineof43.5% from the July 15th total of 6,900 shares. Currently,0.0% of the company's stock are short sold. Based on an average daily volume of 189,700 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 189,700 shares, the short-interest ratio is presently 0.0 days. Currently,0.0% of the company's stock are short sold.

Ascend Wellness Price Performance

Shares of AAWH stock traded up $0.02 during trading hours on Monday, reaching $0.67. The company's stock had a trading volume of 594,821 shares, compared to its average volume of 139,724. The firm's 50 day simple moving average is $0.39 and its 200-day simple moving average is $0.36. The company has a market capitalization of $136.81 million, a price-to-earnings ratio of -1.63 and a beta of 1.04. Ascend Wellness has a fifty-two week low of $0.26 and a fifty-two week high of $1.23. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 2.61.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Ascend Wellness to a "strong sell" rating in a research note on Tuesday, August 12th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.