TerrAscend Corp. (OTCMKTS:TSNDF – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 2,022,200 shares, a growth of 18.7% from the September 30th total of 1,704,000 shares. Based on an average trading volume of 245,700 shares, the days-to-cover ratio is currently 8.2 days.
TerrAscend Stock Performance
Shares of OTCMKTS TSNDF opened at $1.09 on Wednesday. TerrAscend has a 12-month low of $1.07 and a 12-month high of $2.45. The stock’s fifty day simple moving average is $1.23 and its two-hundred day simple moving average is $1.41. The company has a quick ratio of 0.69, a current ratio of 1.35 and a debt-to-equity ratio of 0.81.
TerrAscend (OTCMKTS:TSNDF – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). TerrAscend had a negative return on equity of 31.48% and a negative net margin of 23.95%. The firm had revenue of $77.52 million during the quarter, compared to the consensus estimate of $80.70 million. Equities analysts expect that TerrAscend will post -0.14 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Research Report on TerrAscend
About TerrAscend
TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.
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