Short Interest in Curaleaf Holdings, Inc. (OTCMKTS:CURLF) Increases By 7.1%

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 6,641,400 shares, a growth of 7.1% from the August 31st total of 6,199,600 shares. Based on an average daily trading volume, of 960,500 shares, the days-to-cover ratio is presently 6.9 days.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CURLF shares. Cormark upgraded Curaleaf from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 12th. Needham & Company LLC restated a “buy” rating and issued a $6.25 price target on shares of Curaleaf in a research report on Thursday, August 8th.

Curaleaf Price Performance

OTCMKTS:CURLF traded down $0.01 during trading hours on Monday, hitting $3.03. 221,200 shares of the stock traded hands, compared to its average volume of 709,542. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -7.77 and a beta of 0.83. Curaleaf has a 1 year low of $2.51 and a 1 year high of $6.40. The stock has a 50 day moving average price of $3.24 and a 200 day moving average price of $4.24. The company has a quick ratio of 0.50, a current ratio of 1.09 and a debt-to-equity ratio of 0.83.

Curaleaf (OTCMKTS:CURLF) last issued its earnings results 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). Curaleaf had a negative return on equity of 14.75% and a negative net margin of 18.59%. The firm had revenue of $342.29 million during the quarter, compared to the consensus estimate of $344.57 million. Sell-side analysts forecast that Curaleaf will post -0.24 EPS for the current fiscal year.

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.