Short Interest in Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) Declines By 47.7%

Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 275,300 shares, a drop of 47.7% from the March 31st total of 526,300 shares. Based on an average daily trading volume, of 2,368,000 shares, the days-to-cover ratio is presently 0.1 days.

Auxly Cannabis Group Stock Performance

CBWTF stock remained flat at $0.04 during mid-day trading on Friday. 119,806 shares of the company’s stock traded hands, compared to its average volume of 871,399. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.62 and a quick ratio of 0.32. The firm’s 50-day simple moving average is $0.02 and its two-hundred day simple moving average is $0.02. Auxly Cannabis Group has a one year low of $0.01 and a one year high of $0.05.

Auxly Cannabis Group (OTCMKTS:CBWTF) last posted its quarterly earnings data on Monday, March 25th. The company reported ($0.04) EPS for the quarter. Auxly Cannabis Group had a negative net margin of 43.42% and a negative return on equity of 59.05%. The business had revenue of $19.77 million during the quarter.

About Auxly Cannabis Group

Auxly Cannabis Group Inc operates as a consumer packaged goods company in the cannabis products market in Canada. It focuses on developing, manufacturing, and distributing cannabis products for wellness and recreational consumers. The company offers cannabis products under various forms, including vape catridges, infused pre-rolls, pre-rolled, vape pens, milled and dried flower, concentrates, chocolates, soft chews, oil drops, capsules, and topicals under the KOLAB PROJECT, Dosecann, BACK FORTY, Foray, and Parcel brand names.