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

Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 526,000 shares, a decrease of 37.9% from the August 31st total of 846,700 shares. Based on an average daily volume of 705,200 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

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

Verano Stock Performance

Shares of Verano stock traded up $0.01 during mid-day trading on Thursday, hitting $3.36. 148,354 shares of the stock were exchanged, compared to its average volume of 406,712. Verano has a 12 month low of $3.00 and a 12 month high of $7.08. The company has a 50-day simple moving average of $3.58 and a 200 day simple moving average of $4.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.99. The company has a market capitalization of $1.20 billion, a P/E ratio of -10.50 and a beta of 1.22.

Verano (OTCMKTS:VRNOF - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Verano had a negative net margin of 13.21% and a negative return on equity of 4.87%. The firm had revenue of $222.39 million for the quarter, compared to analysts' expectations of $224.23 million. Sell-side analysts anticipate that Verano will post -0.16 earnings per share for the current fiscal year.

Verano Company Profile

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.