Short Interest in Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) Declines By 8.7%

Auxly Cannabis Group Inc. (OTCMKTS:CBWTFGet Rating) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 9,573,000 shares, a decline of 8.7% from the October 15th total of 10,490,900 shares. Based on an average daily trading volume, of 1,188,300 shares, the days-to-cover ratio is currently 8.1 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CBWTF shares. Cantor Fitzgerald cut shares of Auxly Cannabis Group from an “overweight” rating to a “neutral” rating in a research report on Monday, July 25th. Raymond James upgraded shares of Auxly Cannabis Group from a “market perform” rating to an “outperform” rating in a report on Monday, August 15th.

Auxly Cannabis Group Price Performance

Shares of CBWTF opened at $0.01 on Friday. The stock has a market cap of $13.20 million, a PE ratio of -0.11 and a beta of 0.90. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.14 and a current ratio of 2.52. Auxly Cannabis Group has a fifty-two week low of $0.01 and a fifty-two week high of $0.21. The firm’s 50-day simple moving average is $0.03 and its two-hundred day simple moving average is $0.06.

Auxly Cannabis Group (OTCMKTS:CBWTFGet Rating) last announced its quarterly earnings data on Monday, August 15th. The company reported ($0.02) earnings per share for the quarter. Auxly Cannabis Group had a negative return on equity of 56.03% and a negative net margin of 132.76%. The business had revenue of $21.42 million during the quarter.

Auxly Cannabis Group Company Profile

(Get Rating)

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

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