Auxly Cannabis Group Inc. (OTCMKTS:CBWTF – Get Rating) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 9,657,600 shares, a drop of 11.1% from the July 31st total of 10,865,000 shares. Based on an average daily volume of 903,900 shares, the days-to-cover ratio is presently 10.7 days.

Auxly Cannabis Group Stock Performance

Auxly Cannabis Group stock opened at $0.04 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 1.11. The stock has a fifty day moving average price of $0.06 and a two-hundred day moving average price of $0.10. Auxly Cannabis Group has a 52-week low of $0.04 and a 52-week high of $0.28. The firm has a market capitalization of $38.55 million, a P/E ratio of -0.43 and a beta of 0.79.

Analyst Ratings Changes

Several brokerages recently commented on CBWTF. Cantor Fitzgerald cut Auxly Cannabis Group from an "overweight" rating to a "neutral" rating in a research report on Monday, July 25th. Raymond James raised Auxly Cannabis Group from a "market perform" rating to an "outperform" rating in a research report on Monday, August 15th.

About Auxly Cannabis Group

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

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