Short Interest in Ayr Wellness Inc. (OTCMKTS:AYRWF) Declines By 24.8%

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 454,500 shares, a drop of 24.8% from the September 30th total of 604,400 shares. Based on an average trading volume of 322,000 shares, the days-to-cover ratio is presently 1.4 days.

Ayr Wellness Stock Up 3.0 %

AYRWF stock opened at $2.42 on Friday. The stock’s 50 day moving average is $1.89 and its 200-day moving average is $2.09. Ayr Wellness has a twelve month low of $1.07 and a twelve month high of $4.09. The firm has a market capitalization of $277.55 million, a PE ratio of -1.15 and a beta of 2.05. The company has a quick ratio of 0.67, a current ratio of 1.75 and a debt-to-equity ratio of 0.70.

Ayr Wellness (OTCMKTS:AYRWF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.08). Ayr Wellness had a negative net margin of 41.40% and a negative return on equity of 19.00%. The firm had revenue of $117.31 million during the quarter, compared to analysts’ expectations of $119.30 million. Sell-side analysts expect that Ayr Wellness will post -1.19 EPS for the current fiscal 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.