Verano Holdings Corp. (OTCMKTS:VRNOF) Short Interest Down 37.9% in September

Verano Holdings Corp. (OTCMKTS:VRNOF) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 526,000 shares, a drop of 37.9% from the August 31st total of 846,700 shares. Based on an average daily volume of 705,200 shares, the short-interest ratio is currently 0.7 days.

Verano Stock Performance

Shares of VRNOF stock opened at $3.32 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. Verano has a 52 week low of $3.00 and a 52 week high of $7.08. The stock has a market capitalization of $1.18 billion, a PE ratio of -10.37 and a beta of 1.22. The firm has a 50 day moving average of $3.57 and a two-hundred day moving average of $4.25.

Verano (OTCMKTS:VRNOF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Verano had a negative net margin of 13.21% and a negative return on equity of 4.87%. The company had revenue of $222.39 million during the quarter, compared to analysts’ expectations of $224.23 million. On average, research analysts predict that Verano will post -0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts raised shares of Verano to a “strong-buy” rating in a research report on Tuesday, July 30th.

Verano Company Profile

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.