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

Ayr Wellness Inc. (OTCMKTS:AYRWF) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 1,465,900 shares, a growth of 50.2% from the February 28th total of 976,200 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average trading volume of 1,265,200 shares, the short-interest ratio is currently 1.2 days.

Ayr Wellness Stock Performance

Shares of Ayr Wellness stock opened at $0.17 on Monday. The company has a quick ratio of 0.58, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Ayr Wellness has a 52 week low of $0.15 and a 52 week high of $3.46. The firm’s 50 day moving average is $0.34 and its two-hundred day moving average is $0.88. The firm has a market capitalization of $19.74 million, a P/E ratio of -0.08 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts lowered Ayr Wellness from a “strong-buy” rating to a “hold” rating in a 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.