Ayr Wellness Inc. (OTCMKTS:AYRWF) Sees Large Decline in Short Interest

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 439,600 shares, a decrease of 5.0% from the March 15th total of 462,900 shares. Based on an average trading volume of 902,700 shares, the days-to-cover ratio is currently 0.5 days.

Ayr Wellness Stock Up 7.6 %

Shares of OTCMKTS:AYRWF opened at $2.55 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.43 and a current ratio of 0.96. The company has a market cap of $195.33 million, a PE ratio of -0.67 and a beta of 2.63. Ayr Wellness has a 52 week low of $0.59 and a 52 week high of $4.09. The firm has a 50 day simple moving average of $2.28 and a 200 day simple moving average of $2.18.

Ayr Wellness (OTCMKTS:AYRWF) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.10). The firm had revenue of $114.84 million during the quarter, compared to analysts’ expectations of $114.95 million. Ayr Wellness had a negative net margin of 58.68% and a negative return on equity of 14.13%. As a group, research analysts expect that Ayr Wellness will post -0.66 earnings per share for the current year.

About Ayr Wellness

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.