Ayr Wellness Inc. (OTCMKTS:AYRWF) Short Interest Up 105.4% in November

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 977,800 shares, an increase of 105.4% from the October 31st total of 476,000 shares. Based on an average trading volume of 1,944,300 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Several research firms have commented on AYRWF. Roth Capital upgraded shares of Ayr Wellness to a “strong-buy” rating in a research report on Friday, November 8th. Atb Cap Markets lowered shares of Ayr Wellness from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Finally, Roth Mkm lowered their price objective on shares of Ayr Wellness from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

Ayr Wellness Price Performance

Ayr Wellness stock opened at $0.71 on Thursday. The firm has a market capitalization of $81.05 million, a PE ratio of -0.32 and a beta of 2.00. Ayr Wellness has a 12-month low of $0.62 and a 12-month high of $4.09. The firm has a 50-day moving average price of $1.60 and a 200-day moving average price of $1.89. The company has a current ratio of 1.59, a quick ratio of 0.58 and a debt-to-equity ratio of 0.76.

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.