Curaleaf Holdings, Inc. (OTCMKTS:CURLF) Sees Significant Increase in Short Interest

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 5,231,800 shares, an increase of 11.4% from the May 15th total of 4,698,000 shares. Based on an average trading volume of 3,246,100 shares, the short-interest ratio is currently 1.6 days.

Curaleaf Trading Down 4.3 %

OTCMKTS CURLF traded down $0.18 during trading hours on Friday, hitting $4.01. 534,083 shares of the company’s stock were exchanged, compared to its average volume of 953,419. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -10.28 and a beta of 0.98. Curaleaf has a 1-year low of $2.51 and a 1-year high of $6.40. The company has a current ratio of 0.72, a quick ratio of 0.36 and a debt-to-equity ratio of 0.74. The stock has a 50-day simple moving average of $5.04 and a 200 day simple moving average of $4.78.

Curaleaf (OTCMKTS:CURLF) last issued its earnings results on Thursday, May 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Curaleaf had a negative return on equity of 14.43% and a negative net margin of 20.29%. The company had revenue of $338.93 million for the quarter, compared to the consensus estimate of $341.25 million. On average, equities analysts forecast that Curaleaf will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Needham & Company LLC increased their price objective on shares of Curaleaf from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Friday, May 10th.

Curaleaf Company Profile

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.