Ayr Wellness Inc. (OTCMKTS:AYRWF) Sees Large Decline in Short Interest

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 457,100 shares, a decline of 14.8% from the August 31st total of 536,700 shares. Based on an average daily volume of 396,400 shares, the short-interest ratio is presently 1.2 days.

Ayr Wellness Stock Up 1.8 %

Ayr Wellness stock traded up $0.03 during mid-day trading on Friday, reaching $1.70. 502,476 shares of the company’s stock were exchanged, compared to its average volume of 263,143. The company has a quick ratio of 0.67, a current ratio of 1.75 and a debt-to-equity ratio of 0.70. Ayr Wellness has a twelve month low of $1.07 and a twelve month high of $4.09. The company has a market cap of $194.97 million, a P/E ratio of -0.81 and a beta of 2.03. The company has a fifty day moving average of $1.89 and a 200-day moving average of $2.15.

Ayr Wellness (OTCMKTS:AYRWF) last released its earnings results on Wednesday, August 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). The company had revenue of $117.31 million during the quarter, compared to analysts’ expectations of $119.30 million. Ayr Wellness had a negative net margin of 41.40% and a negative return on equity of 19.00%. Sell-side analysts expect that Ayr Wellness will post -1.19 EPS for the current 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.