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

Verano Holdings Corp. (OTCMKTS:VRNOFGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 285,300 shares, an increase of 23.7% from the April 15th total of 230,700 shares. Based on an average daily trading volume, of 988,700 shares, the days-to-cover ratio is currently 0.3 days.

Shares of VRNOF stock opened at $7.11 on Tuesday. The business has a 50-day simple moving average of $8.86 and a 200-day simple moving average of $10.65. Verano has a 52-week low of $7.02 and a 52-week high of $21.10.

VRNOF has been the topic of several research analyst reports. Canaccord Genuity Group dropped their target price on Verano from C$26.00 to C$24.50 and set a “buy” rating on the stock in a research note on Thursday, April 28th. Zacks Investment Research downgraded Verano from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Alliance Global Partners began coverage on Verano in a research note on Friday, February 11th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Needham & Company LLC began coverage on Verano in a research note on Wednesday, February 9th. They set a “buy” rating and a $26.00 price target on the stock. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to MarketBeat, Verano has a consensus rating of “Buy” and an average price target of $30.50.

Verano Company Profile (Get Rating)

Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, and retail license of cannabis in Illinois, Florida, Arizona, Maryland, Nevada, Ohio, Michigan, Massachusetts, Arkansas, New Jersey, Pennsylvania, and West Virginia.

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