Ascend Wellness Holdings, Inc. (OTC:AAWH) Sees Significant Decrease in Short Interest

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) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,700 shares, a drop 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 stock are short sold. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 0.0 days.

Ascend Wellness Stock Performance

Shares of AAWH traded up $0.06 during trading hours on Thursday, hitting $0.67. The stock had a trading volume of 49,561 shares, compared to its average volume of 164,323. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.47 and a quick ratio of 0.80. Ascend Wellness has a 12 month low of $0.26 and a 12 month high of $1.02. The firm has a market capitalization of $135.95 million, a PE ratio of -1.62 and a beta of 1.15. The stock has a fifty day moving average price of $0.57 and a 200 day moving average price of $0.41.

Wall Street Analyst Weigh In

Separately, Zacks Research raised 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 company has an average rating of "Sell".

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.