Amass Brands (NASDAQ:AMSS) Stock Short Interest Report for September

Amass Brands (NASDAQ:AMSS) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 17,604 shares, a growth of 174.5% from the September 15th total of 6,412 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 529,499 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMSS. Wall Street Zen cut shares of Amass Brands from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Maxim Group initiated coverage on shares of Amass Brands in a research report on Thursday, July 2nd. They set a “buy” rating and a $7.00 price target for the company. Finally, Weiss Ratings began coverage on shares of Amass Brands in a research note on Wednesday, August 19th. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

Amass Brands Price Performance

AMSS traded down $0.01 during trading hours on Tuesday, reaching $0.34. 2,868 shares of the stock traded hands, compared to its average volume of 446,388. Amass Brands has a fifty-two week low of $0.32 and a fifty-two week high of $17.00. The firm has a market cap of $3.93 million and a P/E ratio of -0.22. The company has a current ratio of 0.70, a quick ratio of 0.26 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average price is $0.78.

Amass Brands (NASDAQ:AMSS) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. The business had revenue of $5.59 million during the quarter.

About Amass Brands

Amass Brands Inc is a consumer brands company focused on developing, marketing and distributing beverage and lifestyle products. Its principal brand, AMASS, is centered on botanical beverages and spirits made with plant-based ingredients.

The AMASS product portfolio includes botanical gin, nonalcoholic spirits, aperitifs, bitters and related beverage products. The company’s offerings are positioned for use in cocktails and other social drinking occasions, while its nonalcoholic products are designed for consumers seeking alternatives to traditional alcoholic beverages.

The AMASS brand was established in 2016 by distiller and herbalist Morgan McLachlan.