Curaleaf Holdings, Inc. (OTCMKTS:CURLF) is seeing a large increase in short interest

Curaleaf Holdings, Inc. (OTCMKTS:CURLF – Get Free Report ) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,199,600 shares, an increase of 13.0% from the August 15th total of 5,488,000 shares. Based on an average daily trading volume of 1,072,900 shares, the short interest rate is currently 5.8 days.

Curaleaf Stock Up 3.2%

Shares of Curaleaf stock opened at $2.92 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09, and a quick ratio of 0.50. Curaleaf has a fifty-two week low of $2.51 and a fifty-two week high of $6.40. The firm has a fifty day moving average price of $3.47 and a two hundred day moving average price of $4.34. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -7.49 and a beta of 0.83.

Curaleaf (OTCMKTS:CURLF – Get Your Free Report ) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $342.29 million for the quarter, compared to analyst estimates of $344.57 million. Curaleaf had a negative return on equity of 14.75% and a negative net margin of 18.59%. As a group, analysts forecast that Curaleaf will post -0.24 earnings per share for the current year.

Changes in Analyst Ratings

CURLF has been the subject of several analyst reports. Cormark raised Curaleaf from a “hold” rating to a “moderate-buy” rating in a report on Monday, August 12th. Needham & Company LLC reiterated a “buy” rating and set a $6.25 price target on shares of Curaleaf in a report on Thursday, August 8th.

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Curaleaf Company Profile

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Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower vaporizer cartridges, pre-rolls, flower pots and dried herbs; vaporizer concentrates including pre-filled vaporizer cartridges and disposable pens; and dabbing concentrates such as mints, distillate drops, peppermints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.

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