Short Interest in Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) Declines By 17.0%

Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 302,600 shares, a drop of 17.0% from the May 31st total of 364,600 shares. Based on an average daily trading volume, of 873,400 shares, the days-to-cover ratio is presently 0.3 days.

Auxly Cannabis Group Stock Performance

CBWTF remained flat at $0.02 on Friday. The company had a trading volume of 553,465 shares, compared to its average volume of 514,898. The firm has a 50 day simple moving average of $0.03 and a 200 day simple moving average of $0.02. The company has a market capitalization of $26.31 million, a price-to-earnings ratio of -0.42 and a beta of 1.22. Auxly Cannabis Group has a 52 week low of $0.01 and a 52 week high of $0.05. The company has a current ratio of 0.71, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03.

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. Auxly Cannabis Group had a negative net margin of 58.29% and a negative return on equity of 74.04%. The firm had revenue of $18.72 million for the quarter.

About Auxly Cannabis Group

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.