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

Ayr Wellness Inc. (OTCMKTS:AYRWF) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,465,900 shares, an increase 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 presently 1.2 days. Currently, 1.4% of the company’s stock are short sold.

Ayr Wellness Price Performance

AYRWF stock opened at $0.17 on Friday. The business has a 50 day moving average price of $0.34 and a 200 day moving average price of $0.89. 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 stock has a market cap of $19.74 million, a price-to-earnings ratio of -0.08 and a beta of 1.70. Ayr Wellness has a fifty-two week low of $0.15 and a fifty-two week high of $3.46.

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

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts cut shares of Ayr Wellness from a “strong-buy” rating to a “hold” rating in a research 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.