Short Interest in TerrAscend Corp. (OTCMKTS:TSNDF) Increases By 18.7%

TerrAscend Corp. (OTCMKTS:TSNDF - Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 2,022,200 shares, a growth of 18.7% from the September 30th total of 1,704,000 shares. Based on an average daily volume of 245,700 shares, the short-interest ratio is currently 8.2 days.

TerrAscend Trading Down 2.7 %

Shares of TSNDF traded down $0.03 during midday trading on Tuesday, hitting $1.09. 228,007 shares of the stock traded hands, compared to its average volume of 339,282. The business's 50 day moving average price is $1.23 and its two-hundred day moving average price is $1.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.69 and a current ratio of 1.35. TerrAscend has a 1-year low of $1.07 and a 1-year high of $2.45.

TerrAscend (OTCMKTS:TSNDF - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TerrAscend had a negative return on equity of 31.48% and a negative net margin of 23.95%. The company had revenue of $77.52 million during the quarter, compared to analyst estimates of $80.70 million. Analysts forecast that TerrAscend will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

Separately, Ventum Cap Mkts raised shares of TerrAscend to a "strong-buy" rating in a research report on Friday, August 9th.

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.