Short Interest in Verano Holdings Corp. (OTCMKTS:VRNOF) Increases By 24.9%

Verano Holdings Corp. (OTCMKTS:VRNOFGet Free Report) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 653,400 shares, an increase of 24.9% from the October 31st total of 523,300 shares. Based on an average daily trading volume, of 2,866,500 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Roth Capital raised shares of Verano to a “strong-buy” rating in a research report on Sunday, November 10th.

View Our Latest Report on Verano

Verano Trading Down 4.7 %

OTCMKTS VRNOF opened at $1.41 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $504.13 million, a P/E ratio of -3.44 and a beta of 1.21. The business has a fifty day simple moving average of $2.76 and a 200 day simple moving average of $3.41. Verano has a 12 month low of $1.36 and a 12 month high of $7.08.

Verano (OTCMKTS:VRNOFGet Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The business had revenue of $216.68 million during the quarter, compared to the consensus estimate of $226.64 million. Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%. On average, analysts predict that Verano will post -0.18 EPS for the current fiscal year.

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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