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

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

Ayr Wellness Stock Up 3.1 %

Shares of OTCMKTS:AYRWF opened at $1.92 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 1.86. Ayr Wellness has a 52-week low of $0.79 and a 52-week high of $4.09. The business’s 50 day simple moving average is $2.27 and its two-hundred day simple moving average is $2.35. The firm has a market cap of $219.98 million, a P/E ratio of -0.91 and a beta of 2.08.

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