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 during the month of September. As of September 15th, there was short interest totalling 457,100 shares, a decrease of 14.8% from the August 31st total of 536,700 shares. Based on an average trading volume of 396,400 shares, the days-to-cover ratio is currently 1.2 days.

Ayr Wellness Stock Up 1.8 %

AYRWF stock traded up $0.03 during trading on Friday, hitting $1.70. 502,476 shares of the company’s stock were exchanged, compared to its average volume of 263,143. The business has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $2.15. The company has a current ratio of 1.75, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $194.97 million, a price-to-earnings ratio of -0.81 and a beta of 2.03. Ayr Wellness has a 52-week low of $1.07 and a 52-week high of $4.09.

Ayr Wellness (OTCMKTS:AYRWF) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.08). The firm had revenue of $117.31 million for the quarter, compared to analyst estimates of $119.30 million. Ayr Wellness had a negative return on equity of 19.00% and a negative net margin of 41.40%. As a group, equities research analysts expect that Ayr Wellness will post -1.19 EPS 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.