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

Verano Holdings Corp. (OTCMKTS:VRNOF) was the recipient of a significant growth in short interest during 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 days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

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

Verano Stock Performance

OTCMKTS VRNOF opened at $1.41 on Monday. The company has a fifty day moving average of $2.76 and a two-hundred day moving average of $3.41. The company has a market capitalization of $504.13 million, a PE ratio of -3.44 and a beta of 1.21. Verano has a 1 year low of $1.36 and a 1 year high of $7.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52.

Verano (OTCMKTS:VRNOF) last announced its earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (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 net margin of 16.31% and a negative return on equity of 7.48%. As a group, analysts expect that Verano will post -0.18 earnings per share for the current year.

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.