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

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

Ayr Wellness Price Performance

AYRWF stock opened at $2.74 on Thursday. The company’s fifty day simple moving average is $2.28 and its 200 day simple moving average is $2.19. Ayr Wellness has a 12-month low of $0.59 and a 12-month high of $4.09. The firm has a market cap of $209.62 million, a price-to-earnings ratio of -0.72 and a beta of 2.63. The company has a quick ratio of 0.43, a current ratio of 0.96 and a debt-to-equity ratio of 0.75.

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

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.