Ayr Wellness Inc. (OTCMKTS:AYRWF) Short Interest Update

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,465,900 shares, a growth of 50.2% from the February 28th total of 976,200 shares. Based on an average daily trading volume, of 1,265,200 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts lowered shares of Ayr Wellness from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

Ayr Wellness Price Performance

AYRWF opened at $0.17 on Friday. The stock’s 50-day moving average price is $0.34 and its 200 day moving average price is $0.89. Ayr Wellness has a 12-month low of $0.15 and a 12-month high of $3.46. The firm has a market cap of $19.74 million, a price-to-earnings ratio of -0.08 and a beta of 1.70. The company has a current ratio of 1.59, a quick ratio of 0.58 and a debt-to-equity ratio of 0.76.

Ayr Wellness (OTCMKTS:AYRWF) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.12). Ayr Wellness had a negative net margin of 48.17% and a negative return on equity of 25.30%. The business had revenue of $113.96 million during the quarter, compared to analysts’ expectations of $114.10 million. As a group, sell-side analysts expect that Ayr Wellness will post -1.31 earnings per share for the current year.

Ayr Wellness Company Profile

Ayr Wellness Inc operates as a vertically-integrated multi-state cannabis operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.