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

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 468,600 shares, an increase of 5.3% from the May 31st total of 445,100 shares. Based on an average trading volume of 222,800 shares, the short-interest ratio is currently 2.1 days.

Ayr Wellness Trading Up 3.1 %

Shares of Ayr Wellness stock opened at $1.92 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.86 and a quick ratio of 0.87. The business has a fifty day simple moving average of $2.27 and a two-hundred day simple moving average of $2.35. Ayr Wellness has a 1 year low of $0.79 and a 1 year high of $4.09. The company has a market capitalization of $219.98 million, a price-to-earnings ratio of -0.91 and a beta of 2.08.

Ayr Wellness (OTCMKTS:AYRWF) last posted its earnings results on Wednesday, May 15th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.10). The company had revenue of $118.04 million for the quarter, compared to analyst estimates of $115.45 million. Ayr Wellness had a negative return on equity of 17.27% and a negative net margin of 39.55%. Research analysts forecast that Ayr Wellness will post -1.08 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.