Verano Holdings Corp. (OTCMKTS:VRNOF) Short Interest Up 24.9% in November

Verano Holdings Corp. (OTCMKTS:VRNOF) 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 currently 0.2 days.

Analyst Ratings Changes

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

Verano Stock Performance

Shares of OTCMKTS VRNOF traded down $0.07 during trading hours on Friday, reaching $1.41. The stock had a trading volume of 327,160 shares, compared to its average volume of 459,069. Verano has a twelve month low of $1.36 and a twelve month high of $7.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52. The business’s fifty day moving average is $2.76 and its two-hundred day moving average is $3.43. The company has a market cap of $504.13 million, a price-to-earnings ratio of -3.44 and a beta of 1.21.

Verano (OTCMKTS:VRNOF) last issued its earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%. The business had revenue of $216.68 million for the quarter, compared to analyst estimates of $226.64 million. As a group, research analysts expect that Verano will post -0.18 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.