Verano Holdings Corp. (OTCMKTS:VRNOF) Short Interest Up 24.9% in November

Verano Holdings Corp. (OTCMKTS:VRNOF) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 653,400 shares, a growth of 24.9% from the October 31st total of 523,300 shares. Based on an average daily trading volume, of 2,866,500 shares, the short-interest ratio is presently 0.2 days.

Verano Stock Down 4.7 %

Shares of VRNOF traded down $0.07 during trading on Friday, reaching $1.41. The company’s stock had a trading volume of 327,160 shares, compared to its average volume of 459,069. Verano has a twelve month low of $1.36 and a twelve month high of $7.08. The company has a fifty day moving average of $2.76 and a two-hundred day moving average of $3.43. The company has a market cap of $504.13 million, a price-to-earnings ratio of -3.44 and a beta of 1.21. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.

Verano (OTCMKTS:VRNOF) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). The firm had revenue of $216.68 million during the quarter, compared to analyst estimates of $226.64 million. Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%. On average, sell-side analysts predict that Verano will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Capital upgraded Verano to a “strong-buy” rating in a report on Sunday, November 10th.

About Verano

Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.