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

Key Points

• Short interest in Ascend Wellness Holdings increased by 261.5% in August, rising to 14,100 shares from 3,900 shares at the end of July.
• Zacks Research downgraded Ascend Wellness to a "strong sell" rating, contributing to a consensus rating of "sell" for the stock.
• As of the latest trading data, Ascend Wellness shares were down 7.9% to $0.67, with a market capitalization of $137.49 million.

Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 14,100 shares, anincreaseof261.5% from the July 31st total of 3,900 shares. Based on an average daily volume of 818,600 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 818,600 shares, the short-interest ratio is presently 0.0 days.

Ascend Wellness Price Performance

OTC AAWH traded down $0.02 during trading hours on Monday, reaching $0.71. 22,678 shares of the company's stock were exchanged, compared to its average volume of 165,764. The stock has a market cap of $145.13 million, a PE ratio of -1.73 and a beta of 1.17. Ascend Wellness has a one year low of $0.26 and a one year high of $1.02. The firm has a fifty day moving average of $0.52 and a 200-day moving average of $0.40. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 2.61.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Ascend Wellness to a "strong sell" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently 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.