Clever Leaves Holdings Inc. (NASDAQ:CLVR) Short Interest Down 47.3% in April

Clever Leaves Holdings Inc. (NASDAQ:CLVR) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 10,600 shares, a decline of 47.3% from the March 31st total of 20,100 shares. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is presently 0.6 days.

Clever Leaves Stock Performance

NASDAQ:CLVR traded up $0.24 during midday trading on Friday, reaching $4.11. 25,536 shares of the company traded hands, compared to its average volume of 21,975. Clever Leaves has a twelve month low of $1.72 and a twelve month high of $9.60. The firm has a market capitalization of $7.19 million, a price-to-earnings ratio of -0.36 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.40 and a quick ratio of 1.63. The company has a fifty day moving average price of $4.22 and a 200 day moving average price of $3.13.

Clever Leaves (NASDAQ:CLVR) last released its quarterly earnings data on Monday, April 1st. The company reported ($2.96) earnings per share (EPS) for the quarter. Clever Leaves had a negative net margin of 102.77% and a negative return on equity of 63.32%. The company had revenue of $4.64 million for the quarter.

Clever Leaves Company Profile

Clever Leaves Holdings Inc operates in the botanical cannabinoid and nutraceutical industries. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment cultivates, extracts, manufactures, commercializes, and distributes cannabinoid products comprising cannabis flowers, cannabidiol isolates, full spectrum and standardized extracts, and dry smokable flowers internationally.