TerrAscend Corp. (OTCMKTS:TSNDF) Sees Significant Increase in Short Interest

TerrAscend Corp. (OTCMKTS:TSNDFGet Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 2,022,200 shares, a growth of 18.7% from the September 30th total of 1,704,000 shares. Based on an average trading volume of 245,700 shares, the short-interest ratio is presently 8.2 days.

TerrAscend Stock Performance

Shares of OTCMKTS TSNDF opened at $1.09 on Wednesday. TerrAscend has a 1 year low of $1.07 and a 1 year high of $2.45. The firm has a 50-day simple moving average of $1.23 and a two-hundred day simple moving average of $1.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.35 and a quick ratio of 0.69.

TerrAscend (OTCMKTS:TSNDFGet Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $77.52 million during the quarter, compared to analysts’ expectations of $80.70 million. TerrAscend had a negative return on equity of 31.48% and a negative net margin of 23.95%. As a group, research analysts anticipate that TerrAscend will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Ventum Cap Mkts upgraded shares of TerrAscend to a “strong-buy” rating in a report on Friday, August 9th.

Read Our Latest Stock Report on TerrAscend

TerrAscend Company Profile

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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 vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.

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