Jushi Holdings Inc. (OTCMKTS:JUSHF) Short Interest Update

Jushi Holdings Inc. (OTCMKTS:JUSHF) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 112,504 shares, a drop of 76.9% from the April 30th total of 486,997 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 232,113 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets downgraded shares of Jushi from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Jushi currently has an average rating of “Buy”.

Jushi Price Performance

OTCMKTS JUSHF traded down $0.04 on Friday, reaching $0.49. 125,306 shares of the company’s stock traded hands, compared to its average volume of 115,022. Jushi has a 12 month low of $0.27 and a 12 month high of $0.98. The stock has a 50-day simple moving average of $0.50 and a 200 day simple moving average of $0.53. The stock has a market cap of $96.99 million, a PE ratio of -1.35 and a beta of -0.67.

Jushi (OTCMKTS:JUSHF) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The business had revenue of $66.43 million for the quarter, compared to analyst estimates of $67.05 million. As a group, analysts anticipate that Jushi will post -0.27 EPS for the current year.

About Jushi

Jushi Holdings Inc is a vertically integrated cannabis company engaged in the cultivation, manufacturing and sale of cannabis products across the United States. The company operates cultivation and processing facilities that support a diversified portfolio of consumer brands, serving both medical and adult-use markets. Through its in-house operations, Jushi produces hand-trimmed flower, pre-rolls, vaporizers, concentrates, edibles and topicals.

Jushi’s brand lineup includes Foray, Levia and Beboe, each designed to address distinct consumer preferences and consumption occasions.