TerrAscend Corp. (OTCMKTS:TSNDF) Short Interest Update

TerrAscend Corp. (OTCMKTS:TSNDF) 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) 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

Separately, Ventum Cap Mkts upgraded shares of TerrAscend to a “strong-buy” rating in a report on Friday, August 9th.

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.