Short Interest in Curaleaf Holdings, Inc. (OTCMKTS:CURLF) Declines By 19.5%

Key Points

• Curaleaf Holdings, Inc. experienced a substantial 19.5% decrease in short interest during August, dropping from 5,126,800 shares to 4,126,300 shares.
• The company's stock has a current market cap of $1.97 billion and reported earnings of ($0.06) per share, beating analysts' estimates.
• Cormark upgraded Curaleaf's stock rating from "hold" to a "moderate buy" on August 8th, with an overall average rating of "Strong Buy" from analysts.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) saw a large drop in short interest in August. As of August 15th, there was short interest totaling 4,126,300 shares, a drop of 19.5% from the July 31st total of 5,126,800 shares. Based on an average daily volume of 5,118,500 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 5,118,500 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

Separately, Cormark upgraded Curaleaf from a "hold" rating to a "moderate buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of "Strong Buy".

Curaleaf Stock Down 6.8%

OTCMKTS:CURLF traded down $0.18 during trading hours on Friday, hitting $2.41. 815,699 shares of the company traded hands, compared to its average volume of 1,143,510. The company has a quick ratio of 0.70, a current ratio of 1.47 and a debt-to-equity ratio of 1.00. The firm's 50-day simple moving average is $2.10 and its 200-day simple moving average is $1.31. Curaleaf has a one year low of $0.68 and a one year high of $3.65. The company has a market cap of $1.61 billion, a PE ratio of -7.52 and a beta of 0.75.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. Curaleaf had a negative return on equity of 14.61% and a negative net margin of 18.08%. Equities analysts predict that Curaleaf will post -0.25 earnings per share for the current year.

Curaleaf Company Profile

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.