Ayr Wellness Inc. (OTCMKTS:AYRWF) Sees Significant Growth in Short Interest

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,465,900 shares, a growth of 50.2% from the February 28th total of 976,200 shares. Based on an average daily volume of 1,265,200 shares, the short-interest ratio is currently 1.2 days. Currently, 1.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts downgraded Ayr Wellness from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th.

Ayr Wellness Trading Up 2.7 %

Shares of Ayr Wellness stock opened at $0.17 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. The firm has a market cap of $20.27 million, a price-to-earnings ratio of -0.08 and a beta of 1.70. Ayr Wellness has a twelve month low of $0.15 and a twelve month high of $3.46. The business has a 50-day moving average price of $0.33 and a 200-day moving average price of $0.87.

Ayr Wellness (OTCMKTS:AYRWF) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.12). Ayr Wellness had a negative return on equity of 25.30% and a negative net margin of 48.17%. The company had revenue of $113.96 million during the quarter, compared to analysts’ expectations of $114.10 million. Equities research analysts anticipate that Ayr Wellness will post -1.31 EPS for the current fiscal 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.