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

Key Points

• Ascend Wellness Holdings, Inc. experienced a 59.6% decline in short interest in August, with totals dropping from 14,100 shares to 5,700 shares as of August 31st.
• Analysts have rated the stock as a "strong sell," with a consensus rating of "Sell" according to MarketBeat.com.
• Despite a 2.9% drop in share price to $0.67, the company has a market capitalization of approximately $137 million and a significant debt-to-equity ratio of 2.61.

Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,700 shares, a decline of 59.6% from the August 15th total of 14,100 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Ascend Wellness to a "strong sell" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".

Ascend Wellness Trading Down 2.9%

Shares of OTC AAWH traded down $0.02 during trading on Friday, hitting $0.67. 72,026 shares of the company traded hands, compared to its average volume of 165,148. Ascend Wellness has a 1 year low of $0.26 and a 1 year high of $1.02. The company has a 50-day moving average price of $0.55 and a 200-day moving average price of $0.41. The firm has a market capitalization of $136.98 million, a P/E ratio of -1.63 and a beta of 1.17. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 2.61.

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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