Short Interest in Ayr Wellness Inc. (OTCMKTS:AYRWF) Drops By 5.0%

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 439,600 shares, a drop of 5.0% from the March 15th total of 462,900 shares. Based on an average daily volume of 902,700 shares, the days-to-cover ratio is presently 0.5 days.

Ayr Wellness Stock Up 7.3 %

OTCMKTS:AYRWF opened at $2.74 on Thursday. The firm has a market cap of $209.62 million, a P/E ratio of -0.72 and a beta of 2.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.43 and a current ratio of 0.96. Ayr Wellness has a fifty-two week low of $0.59 and a fifty-two week high of $4.09. The firm has a 50-day simple moving average of $2.28 and a two-hundred day simple moving average of $2.19.

Ayr Wellness (OTCMKTS:AYRWF) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.10). Ayr Wellness had a negative return on equity of 14.13% and a negative net margin of 58.68%. The company had revenue of $114.84 million during the quarter, compared to the consensus estimate of $114.95 million. Analysts predict that Ayr Wellness will post -0.62 earnings per share 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.