Short Interest in Ayr Wellness Inc. (OTCMKTS:AYRWF) Drops By 13.8%

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

Analysts Set New Price Targets

Several brokerages have issued reports on AYRWF. Atb Cap Markets downgraded shares of Ayr Wellness from a "hold" rating to a "strong sell" rating in a report on Wednesday, November 13th. Roth Capital raised Ayr Wellness to a "strong-buy" rating in a research note on Friday, November 8th. Finally, Roth Mkm dropped their price target on 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 Trading Up 14.1 %

Shares of AYRWF stock traded up $0.06 during mid-day trading on Friday, reaching $0.50. The company's stock had a trading volume of 175,778 shares, compared to its average volume of 305,413. The company has a quick ratio of 0.58, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $57.51 million, a PE ratio of -0.22 and a beta of 1.63. The company's 50 day simple moving average is $0.55 and its 200-day simple moving average is $1.44. Ayr Wellness has a 12-month low of $0.36 and a 12-month high of $4.09.

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.