Short Interest in Jushi Holdings Inc. (OTCMKTS:JUSHF) Rises By 8.5%

Jushi Holdings Inc. (OTCMKTS:JUSHF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,189,000 shares, an increase of 8.5% from the August 15th total of 2,016,900 shares. Based on an average daily trading volume, of 360,900 shares, the days-to-cover ratio is presently 6.1 days.

Jushi Price Performance

Shares of OTCMKTS JUSHF traded down $0.02 during mid-day trading on Tuesday, hitting $0.54. The company had a trading volume of 90,277 shares, compared to its average volume of 271,177. The company has a market capitalization of $106.20 million, a PE ratio of -1.50 and a beta of -1.07. The business’s 50-day simple moving average is $0.56 and its 200 day simple moving average is $0.62. Jushi has a 1-year low of $0.40 and a 1-year high of $1.09.

Jushi (OTCMKTS:JUSHF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. Jushi had a negative return on equity of 5,529.11% and a negative net margin of 22.39%. The business had revenue of $64.60 million during the quarter, compared to analysts’ expectations of $67.15 million. On average, analysts expect that Jushi will post -0.18 EPS for the current year.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded Jushi to a “hold” rating in a report on Thursday, August 8th.

About Jushi

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts.