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

Verano Holdings Corp. (OTCMKTS:VRNOFGet Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 642,400 shares, an increase of 21.8% from the April 15th total of 527,400 shares. Based on an average trading volume of 653,500 shares, the short-interest ratio is presently 1.0 days.

Verano Stock Performance

Shares of OTCMKTS VRNOF opened at $4.99 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $4.97. The stock has a market capitalization of $1.72 billion, a P/E ratio of -15.59 and a beta of 1.49. Verano has a 52-week low of $2.53 and a 52-week high of $7.08.

Verano (OTCMKTS:VRNOFGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.07. The firm had revenue of $221.31 million during the quarter, compared to the consensus estimate of $215.71 million. Verano had a negative return on equity of 4.23% and a negative net margin of 12.11%. As a group, sell-side analysts forecast that Verano will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Verano in a report on Wednesday, May 8th.

Check Out Our Latest Analysis on Verano

About Verano

(Get Free Report)

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.

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