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

Verano Holdings Corp. (OTCMKTS:VRNOF) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 706,900 shares, a growth of 61.3% from the June 30th total of 438,300 shares. Based on an average trading volume of 805,300 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and set a $7.00 price target on shares of Verano in a research note on Wednesday, May 8th.

Verano Price Performance

Shares of VRNOF stock opened at $3.95 on Friday. Verano has a one year low of $2.53 and a one year high of $7.08. The company’s fifty day moving average price is $3.85 and its 200-day moving average price is $4.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.61 and a current ratio of 1.01.

Verano (OTCMKTS:VRNOF) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. The firm had revenue of $221.31 million for the quarter, compared to the consensus estimate of $215.71 million. Verano had a negative net margin of 12.11% and a negative return on equity of 4.28%. As a group, equities research analysts anticipate that Verano will post -0.16 EPS for the current year.

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.