Jushi Holdings Inc. (OTCMKTS:JUSHF) Sees Large Growth in Short Interest

Key Points

• Jushi Holdings Inc. experienced a significant increase in short interest of 5,600.0% in August, rising from 300 shares to 17,100 shares as of August 15th.
• In mid-day trading, Jushi's stock price fell to $0.75, with a 12-month range between $0.22 and $0.98.
• For the most recent quarter, Jushi reported earnings per share of ($0.06) and revenue of $65.05 million, slightly surpassing analyst expectations.

Jushi Holdings Inc. (OTCMKTS:JUSHF - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 17,100 shares, agrowthof5,600.0% from the July 31st total of 300 shares. Based on an average daily trading volume, of 1,706,100 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 1,706,100 shares, the days-to-cover ratio is presently 0.0 days.

Jushi Price Performance

JUSHF stock traded up $0.04 during mid-day trading on Friday, reaching $0.72. 107,923 shares of the company traded hands, compared to its average volume of 607,047. The company has a market capitalization of $142.59 million, a P/E ratio of -2.50 and a beta of -0.96. Jushi has a 52-week low of $0.22 and a 52-week high of $0.98. The company has a fifty day moving average price of $0.56 and a 200-day moving average price of $0.40.

Jushi (OTCMKTS:JUSHF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported ($0.06) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.06). The company had revenue of $65.05 million for the quarter, compared to analysts' expectations of $64.67 million. As a group, analysts forecast that Jushi will post -0.23 EPS for the current year.

Jushi Company Profile

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands.