Short Interest in Jushi Holdings Inc. (OTCMKTS:JUSHF) Increases By 8.5%

Jushi Holdings Inc. (OTCMKTS:JUSHF) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,189,000 shares, a growth of 8.5% from the August 15th total of 2,016,900 shares. Based on an average daily trading volume, of 360,900 shares, the short-interest ratio is presently 6.1 days.

Jushi Stock Down 3.6 %

JUSHF opened at $0.54 on Wednesday. The firm has a 50-day moving average price of $0.56 and a 200-day moving average price of $0.62. Jushi has a twelve month low of $0.40 and a twelve month high of $1.09. The company has a market capitalization of $106.20 million, a price-to-earnings ratio of -1.50 and a beta of -1.07.

Jushi (OTCMKTS:JUSHF) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. The business had revenue of $64.60 million during the quarter, compared to analyst estimates of $67.15 million. Jushi had a negative net margin of 22.39% and a negative return on equity of 5,529.11%. On average, sell-side analysts expect that Jushi will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts raised Jushi to a “hold” rating in a report on Thursday, August 8th.

About Jushi

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts.