Short Interest in Ayr Wellness Inc. (OTCMKTS:AYRWF) Rises By 50.2%

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the recipient of a significant growth in short interest in 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. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 1,265,200 shares, the days-to-cover ratio is currently 1.2 days.

Ayr Wellness Price Performance

Shares of AYRWF opened at $0.17 on Monday. The firm has a 50-day simple moving average of $0.34 and a two-hundred day simple moving average of $0.88. The stock has a market cap of $19.74 million, a PE ratio of -0.08 and a beta of 1.70. Ayr Wellness has a 1-year low of $0.15 and a 1-year high of $3.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 0.58.

Ayr Wellness (OTCMKTS:AYRWF) last posted its earnings results on Thursday, March 6th. The company reported ($0.41) earnings per share (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 firm had revenue of $113.96 million for the quarter, compared to analyst estimates of $114.10 million. As a group, analysts forecast that Ayr Wellness will post -1.31 EPS for the current year.

Analysts Set New Price Targets

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

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.