Ayr Wellness Inc. (OTCMKTS:AYRWF – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 144,200 shares, a growth of 16.0% from the August 15th total of 124,300 shares. Based on an average daily volume of 480,100 shares, the short-interest ratio is presently 0.3 days.
Ayr Wellness Stock Up 6.3 %
Shares of Ayr Wellness stock opened at $3.03 on Friday. The company has a market capitalization of $212.12 million, a P/E ratio of -0.50 and a beta of 2.91. Ayr Wellness has a 1 year low of $0.57 and a 1 year high of $4.41. The business has a 50-day moving average of $1.31 and a two-hundred day moving average of $1.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.81 and a quick ratio of 0.36.
Ayr Wellness (OTCMKTS:AYRWF – Get Free Report) last announced its quarterly earnings data on Thursday, August 17th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.09). Ayr Wellness had a negative net margin of 89.49% and a negative return on equity of 12.36%. The firm had revenue of $116.74 million during the quarter, compared to the consensus estimate of $121.15 million. As a group, equities analysts predict that Ayr Wellness will post -1.13 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, ATB Capital started coverage on shares of Ayr Wellness in a research note on Wednesday, July 5th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4.00.
About Ayr Wellness
Ayr Wellness Inc operates as a vertically-integrated cannabis multi-state 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.