Jushi Holdings Inc. (OTCMKTS:JUSHF) Sees Large Drop in Short Interest

Jushi Holdings Inc. (OTCMKTS:JUSHF) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 603,500 shares, a decline of 19.3% from the April 30th total of 747,700 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 196,900 shares, the short-interest ratio is presently 3.1 days.

Jushi Stock Down 1.3%

Shares of JUSHF opened at $0.29 on Monday. The company has a 50 day moving average of $0.32 and a 200-day moving average of $0.32. The stock has a market capitalization of $57.50 million, a P/E ratio of -1.08 and a beta of -0.86. Jushi has a twelve month low of $0.22 and a twelve month high of $0.69.

Jushi (OTCMKTS:JUSHF) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $63.85 million for the quarter, compared to analysts’ expectations of $66.23 million. On average, sell-side analysts anticipate that Jushi will post -0.23 earnings per share for the current fiscal year.

About Jushi

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands.