Short Interest in Jushi Holdings Inc. (OTCMKTS:JUSHF) Decreases By 21.6%

Key Points

• Jushi Holdings Inc. experienced a 21.6% decline in short interest in August, with only 13,400 shares reported as sold short by the end of the month.
• The company's stock opened at $0.66 and has a market capitalization of approximately $129.98 million.
• In its most recent earnings report, Jushi posted earnings of ($0.06) per share and revenue of $65.05 million, slightly exceeding analyst expectations.

Jushi Holdings Inc. (OTCMKTS:JUSHF - Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 13,400 shares, a decline of 21.6% from the August 15th total of 17,100 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 1,249,600 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 1,249,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Jushi Stock Up 3.0%

Shares of OTCMKTS:JUSHF traded up $0.02 during trading on Monday, reaching $0.65. The stock had a trading volume of 182,692 shares, compared to its average volume of 290,951. Jushi has a fifty-two week low of $0.22 and a fifty-two week high of $0.98. The business has a fifty day moving average price of $0.62 and a 200-day moving average price of $0.42. The stock has a market cap of $127.86 million, a P/E ratio of -2.24 and a beta of -0.97.

Jushi (OTCMKTS:JUSHF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $65.05 million for the quarter, compared to analyst estimates of $64.67 million. As a group, equities 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.