TerrAscend Corp. (OTCMKTS:TSNDF) Short Interest Update

TerrAscend Corp. (OTCMKTS:TSNDF - Get Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,621,900 shares, an increase of 53.8% from the February 28th total of 1,704,200 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 1,976,300 shares, the short-interest ratio is presently 1.3 days.

TerrAscend Price Performance

Shares of TSNDF traded down $0.01 during midday trading on Monday, reaching $0.48. The stock had a trading volume of 159,423 shares, compared to its average volume of 430,273. The company has a market capitalization of $140.40 million, a price-to-earnings ratio of -1.71 and a beta of 1.64. The company has a current ratio of 1.35, a quick ratio of 0.69 and a debt-to-equity ratio of 0.81. TerrAscend has a 12-month low of $0.38 and a 12-month high of $2.20. The company's 50-day moving average is $0.52 and its 200 day moving average is $0.77.

TerrAscend (OTCMKTS:TSNDF - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. The business had revenue of $74.35 million for the quarter, compared to analysts' expectations of $72.37 million. TerrAscend had a negative net margin of 23.95% and a negative return on equity of 31.48%. On average, equities analysts predict that TerrAscend will post -0.14 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets lowered shares of TerrAscend from a "strong-buy" rating to a "hold" rating in a report on Monday, December 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.