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

Ayr Wellness Inc. (OTCMKTS:AYRWF) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,039,000 shares, a growth of 6.3% from the November 15th total of 977,800 shares. Based on an average trading volume of 689,500 shares, the short-interest ratio is presently 1.5 days.

Ayr Wellness Price Performance

Shares of AYRWF opened at $0.40 on Tuesday. The firm has a 50 day moving average of $1.27 and a 200 day moving average of $1.71. The company has a quick ratio of 0.58, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Ayr Wellness has a twelve month low of $0.38 and a twelve month high of $4.09. The company has a market capitalization of $45.09 million, a P/E ratio of -0.18 and a beta of 1.54.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Roth Mkm decreased their price target on Ayr Wellness from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Roth Capital raised shares of Ayr Wellness to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Atb Cap Markets downgraded shares of Ayr Wellness from a “hold” rating to a “strong sell” rating in a research note 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.