Verano Holdings Corp. (OTCMKTS:VRNOF) Sees Significant Growth in Short Interest

Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 963,600 shares, an increase of 59.4% from the February 28th total of 604,500 shares. Based on an average trading volume of 1,331,100 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.3% of the company's stock are sold short.

Verano Stock Down 4.7 %

VRNOF stock traded down $0.03 during trading on Wednesday, hitting $0.61. 285,041 shares of the company's stock were exchanged, compared to its average volume of 544,630. The stock has a market capitalization of $219.03 million, a price-to-earnings ratio of -1.49 and a beta of 0.97. Verano has a 52-week low of $0.58 and a 52-week high of $6.50. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $0.91 and a two-hundred day moving average price of $1.73.

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.