Ayr Wellness Inc. (OTCMKTS:AYRWF) Sees Significant Decrease in Short Interest

Ayr Wellness Inc. (OTCMKTS:AYRWF - Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 1,012,900 shares, a drop of 13.8% from the December 31st total of 1,174,700 shares. Based on an average daily volume of 773,100 shares, the short-interest ratio is presently 1.3 days.

Ayr Wellness Trading Down 9.3 %

OTCMKTS AYRWF traded down $0.04 on Tuesday, hitting $0.44. 182,932 shares of the stock were exchanged, compared to its average volume of 127,628. The company's 50-day moving average price is $0.48 and its two-hundred day moving average price is $1.32. The company has a market capitalization of $50.60 million, a price-to-earnings ratio of -0.20 and a beta of 1.64. Ayr Wellness has a 52-week low of $0.36 and a 52-week high of $3.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 0.58.

Wall Street Analysts Forecast Growth

AYRWF has been the subject of a number of research reports. Roth Mkm decreased their target price on Ayr Wellness from $3.50 to $3.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Roth Capital upgraded Ayr Wellness to a "strong-buy" rating in a research report on Friday, November 8th. Finally, Atb Cap Markets lowered Ayr Wellness from a "hold" rating to a "strong sell" rating in a research report on Wednesday, November 13th.

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.