Verano Holdings Corp. (OTCMKTS:VRNOF – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 517,200 shares, a decrease of 25.7% from the March 15th total of 696,400 shares. Based on an average trading volume of 503,400 shares, the days-to-cover ratio is presently 1.0 days.
Analysts Set New Price Targets
Separately, Needham & Company LLC increased their price target on Verano from $6.00 to $7.00 and gave the company a “buy” rating in a report on Friday, March 1st.
View Our Latest Research Report on VRNOF
Verano Price Performance
Shares of OTCMKTS:VRNOF traded down $0.36 during midday trading on Friday, hitting $5.07. The company had a trading volume of 596,258 shares, compared to its average volume of 406,983. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -14.91 and a beta of 1.58. Verano has a twelve month low of $2.53 and a twelve month high of $7.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.96 and a quick ratio of 0.62. The business’s 50-day simple moving average is $5.62 and its 200-day simple moving average is $4.86.
