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

Verano Holdings Corp. (OTCMKTS:VRNOF) was the target of a significant increase in short interest in 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 daily volume of 548,800 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analyst Weigh In

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

Verano Price Performance

Shares of VRNOF stock opened at $3.19 on Friday. The business has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $4.36. The company has a market cap of $1.14 billion, a P/E ratio of -9.97 and a beta of 1.22. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. Verano has a twelve month low of $3.00 and a twelve month high of $7.08.

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

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.