TerrAscend Corp. (OTCMKTS:TSNDF) Short Interest Up 75.0% in August

TerrAscend Corp. (OTCMKTS:TSNDFGet Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,166,700 shares, an increase of 75.0% from the August 15th total of 666,700 shares. Based on an average daily trading volume, of 579,700 shares, the short-interest ratio is currently 2.0 days.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their target price on TerrAscend from C$4.50 to C$2.50 in a research report on Monday, July 31st.

View Our Latest Research Report on TerrAscend

TerrAscend Stock Down 0.5 %

TSNDF traded down $0.01 during midday trading on Thursday, hitting $2.11. The company had a trading volume of 430,808 shares, compared to its average volume of 293,619. The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of 0.68. TerrAscend has a 52 week low of $1.00 and a 52 week high of $2.50.

TerrAscend (OTCMKTS:TSNDFGet Free Report) last issued its quarterly earnings data on Thursday, August 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). TerrAscend had a negative return on equity of 2.35% and a negative net margin of 131.52%. The business had revenue of $72.12 million during the quarter, compared to analysts’ expectations of $71.54 million. Analysts expect that TerrAscend will post -0.15 earnings per share for the current year.

TerrAscend Company Profile

(Get Free Report)

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis-infused artisan edibles. It also operates retail dispensaries under the Apothecarium brand name in California, Pennsylvania, and New Jersey.

Featured Articles

Receive News & Ratings for TerrAscend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerrAscend and related companies with MarketBeat.com's FREE daily email newsletter.