Verano Holdings Corp. (OTCMKTS:VRNOF) Short Interest Update

Verano Holdings Corp. (OTCMKTS:VRNOF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 846,700 shares, an increase of 53.9% from the August 15th total of 550,100 shares. Based on an average trading volume of 548,800 shares, the short-interest ratio is presently 1.5 days.

Verano Trading Up 1.3 %

Verano stock opened at $3.19 on Friday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -9.97 and a beta of 1.22. Verano has a 1 year low of $3.00 and a 1 year high of $7.08. The firm’s 50 day moving average price is $3.67 and its two-hundred day moving average price is $4.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.99.

Verano (OTCMKTS:VRNOF) last issued its earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $222.39 million for the quarter, compared to analysts’ expectations of $224.23 million. Verano had a negative return on equity of 4.87% and a negative net margin of 13.21%. On average, research analysts predict that Verano will post -0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts raised shares of Verano to a “strong-buy” rating in a report on Tuesday, July 30th.

About Verano

Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.