Short Interest in Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) Rises By 42.6%

Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 364,600 shares, an increase of 42.6% from the May 15th total of 255,600 shares. Based on an average daily trading volume, of 962,600 shares, the days-to-cover ratio is currently 0.4 days.

Auxly Cannabis Group Stock Performance

Shares of Auxly Cannabis Group stock remained flat at $0.02 during trading hours on Friday. 180,969 shares of the company’s stock were exchanged, compared to its average volume of 453,198. The company’s fifty day simple moving average is $0.03 and its 200 day simple moving average is $0.02. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.03. Auxly Cannabis Group has a 1-year low of $0.01 and a 1-year high of $0.05. The stock has a market cap of $26.94 million, a price-to-earnings ratio of -0.43 and a beta of 1.22.

Auxly Cannabis Group (OTCMKTS:CBWTF) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $18.72 million during the quarter. Auxly Cannabis Group had a negative return on equity of 74.04% and a negative net margin of 58.29%.

Auxly Cannabis Group Company Profile

Auxly Cannabis Group Inc operates as a consumer packaged goods company in the cannabis products market in Canada. It focuses on developing, manufacturing, and distributing cannabis products for wellness and recreational consumers. The company offers cannabis products under various forms, including vape catridges, infused pre-rolls, pre-rolled, vape pens, milled and dried flower, concentrates, chocolates, soft chews, oil drops, capsules, and topicals under the KOLAB PROJECT, Dosecann, BACK FORTY, Foray, and Parcel brand names.