Curaleaf Holdings, Inc. (OTCMKTS:CURLF) Sees Large Growth in Short Interest

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 6,199,600 shares, a growth of 13.0% from the August 15th total of 5,488,000 shares. Based on an average daily trading volume, of 1,072,900 shares, the short-interest ratio is presently 5.8 days.

Curaleaf Stock Up 3.2 %

Curaleaf stock opened at $2.92 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 0.50. Curaleaf has a fifty-two week low of $2.51 and a fifty-two week high of $6.40. The firm has a fifty day moving average price of $3.47 and a two-hundred day moving average price of $4.34. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -7.49 and a beta of 0.83.

Curaleaf (OTCMKTS:CURLF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $342.29 million for the quarter, compared to analyst estimates of $344.57 million. Curaleaf had a negative return on equity of 14.75% and a negative net margin of 18.59%. As a group, analysts forecast that Curaleaf will post -0.24 earnings per share for the current year.

Analyst Ratings Changes

CURLF has been the topic of a number of analyst reports. Cormark raised Curaleaf from a “hold” rating to a “moderate buy” rating in a report on Monday, August 12th. Needham & Company LLC reiterated a “buy” rating and set a $6.25 price target on shares of Curaleaf in a report on Thursday, August 8th.

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.