Curaleaf Holdings, Inc. (OTCMKTS:CURLF – Get Free Report) 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.
Check Out Our Latest Analysis on Curaleaf
Curaleaf Price Performance
Curaleaf (OTCMKTS:CURLF – Get Free Report) 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.
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