Sundial: Mission Impossible? The quest to keep Sundial Growers from delisting has felt like « mission impossible. » Due to compliance requirements, SNDL shares must hold above $1 for 10 consecutive trading days to avoid delisting.
Similarly, How much cash is SNDL?
Assets
| Item Item | 30-Sep-2020 | 31-Dec-2020 |
|---|---|---|
| Cash Only Cash Only | 19.74M | 51.58M |
| Short-Term Investments Short-Term Investments | – | – |
| Cash & ST Investments / Total Assets Cash & ST Investments / Total Assets | 11.62% | 22.28% |
| Total Accounts Receivable Total Accounts Receivable | 10.82M | 12.48M |
How much is SNDL shorted? Is SNDL Stock Being Shorted? According to Ortex, Sundial’s short interest is a whopping 15.73%.
Thereof, Did SNDL get an extension?
On Feb. 8, Sundial Growers (NASDAQ:SNDL) stock announced that Nasdaq gave it a 180-day extension for SNDL stock to regain compliance with the exchange’s minimum bid price requirement. Since then, its shares went sideways over the next six weeks.
What happens to a stock if it gets delisted?
Although some brokerages restrict such OTC transactions, you generally can sell a delisted stock just as you would a stock that trades on an exchange. A delisted stock can continue to trade over the counter for years, even if the company files for bankruptcy.
How many SNDL shares exist?
Share Statistics
| Avg Vol (3 month) 3 | 98.05M |
|---|---|
| Shares Outstanding 5 | 2.06B |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 2.06B |
| % Held by Insiders 1 | 0.47% |
Who owns SNDL stock?
Top 10 Owners of Sundial Growers Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| ETF Managers Group LLC | 1.43% | 29,511,037 |
| Susquehanna Financial Group LLLP | 1.08% | 22,139,812 |
| Global X Management Co. LLC | 0.78% | 16,050,417 |
| D. E. Shaw & Co. LP | 0.40% | 8,139,103 |
Is SNDL a profitable company?
Earnings and Revenue History
Quality Earnings: SNDL is currently unprofitable. Growing Profit Margin: SNDL is currently unprofitable.
Is SNDL heavily shorted?
So, is SNDL stock being shorted? Absolutely, at 15.73% the stock is heavily shorted.
What is the float on SNDL?
(SNDL) Valuation Measures & Financial Statistics.
…
Share Statistics.
| Avg Vol (3 month) 3 | 99.65M |
|---|---|
| Float 8 | 2.06B |
| % Held by Insiders 1 | 0.47% |
| % Held by Institutions 1 | 5.53% |
| Shares Short (Mar 15, 2022) 4 | 240.76M |
What is NAKD stock?
Cenntro Electric Group Ltd (NAKD)
What is a reverse split in stock market?
When a company completes a reverse stock split, each outstanding share of the company is converted into a fraction of a share. For example, if a company declares a one for ten reverse stock split, every ten shares that you own will be converted into a single share.
What happens to stocks under $1?
As long as a company’s stock price remains at or above $1, the shares keep trading on the exchange. However, if the price falls below $1 for too long, the company risks having its stock delisted.
What happens when a stock goes below $1?
After the initial listing, if a stock’s average closing price over any 30 consecutive trading days falls below $1, the stock is subject to delisting from the NYSE. This average closing price equals the sum of 30 consecutive closing prices, divided by 30. A closing price is the last trading price of a trading day.
Is NIO in danger of being delisted?
Your Takeaway on NIO Stock
Nio’s delisting risk is modest at this time. Investors should care more about the company’s path to profitability. When it gets there this year at the earliest, shareholders may hold the stock as it lists on an Asian exchange.
What kind of stock is SNDL?
Sundial Growers (NASDAQ: SNDL) is one of the cannabis industry’s most popular meme stocks.
What companies does SNDL own?
Its brand portfolio includes Top Leaf, Sundial Cannabis, Palmetto and Grasslands. Sundial also operates the Spiritleaf retail banner.
Is SNDL shorted?
So, is SNDL stock being shorted? Absolutely, at 15.73% the stock is heavily shorted.
Is SNDL a good long term stock?
Even though SNDL has struggled to trade above $1, Sundial Growers is on track for success in the long term, based on the fundamentals of its business. Shares of Sundial Growers (SNDL) – Get Sundial Growers Inc. Report, a Canadian cannabis company, are currently valued at just over 50 cents.
How much will SNDL increase?
Sundial Growers Inc (NASDAQ:SNDL)
The 4 analysts offering 12-month price forecasts for Sundial Growers Inc have a median target of 0.85, with a high estimate of 0.97 and a low estimate of 0.50. The median estimate represents a +62.71% increase from the last price of 0.52.
What does SNDL stock stand for?
Summary. Sundial Growers Inc (SNDL) is a Canadian cannabis and liquor company that is infamous for its extreme dilution of stock by over 19-fold to fund its operations and expansions.
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