TerrAscend Corp. (OTCMKTS:TSNDF) Short Interest Update

Key Points

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TerrAscend Corp. (OTCMKTS:TSNDF - Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,086,900 shares, adeclineof38.8% from the July 15th total of 1,775,700 shares. Currently,0.5% of the shares of the company are short sold. Based on an average trading volume of 870,900 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 870,900 shares, the days-to-cover ratio is currently 1.2 days. Currently,0.5% of the shares of the company are short sold.

TerrAscend Price Performance

TerrAscend stock opened at $0.97 on Tuesday. TerrAscend has a 52 week low of $0.23 and a 52 week high of $1.75. The company has a quick ratio of 1.07, a current ratio of 1.45 and a debt-to-equity ratio of 1.94. The firm's 50-day simple moving average is $0.40 and its 200 day simple moving average is $0.42. The firm has a market capitalization of $297.70 million, a PE ratio of -2.37 and a beta of 1.39.

TerrAscend (OTCMKTS:TSNDF - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TerrAscend had a negative return on equity of 23.19% and a negative net margin of 40.86%. The business had revenue of $65.01 million during the quarter, compared to analysts' expectations of $64.87 million. On average, equities research analysts predict that TerrAscend will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Atb Cap Markets raised shares of TerrAscend from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 8th.

About TerrAscend

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.

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