Short Interest in Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) Expands By 155.1%

Posted by Samantha Reynolds on Jul 28th, 2024

Medicine Man Technologies, Inc. (OTCMKTS:SHWZ – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 12,500 shares, an increase of 155.1% from the June 30th total of 4,900 shares. Based on an average daily volume of 448,500 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set a $2.50 price target on shares of Medicine Man Technologies in a report on Thursday, May 16th.

Check Out Our Latest Research Report on SHWZ

Medicine Man Technologies Stock Performance

Shares of OTCMKTS:SHWZ remained flat at $0.21 during midday trading on Friday. 6,880 shares of the stock were exchanged, compared to its average volume of 84,628. The business has a 50 day moving average price of $0.37 and a 200 day moving average price of $0.70. Medicine Man Technologies has a one year low of $0.01 and a one year high of $1.55.

Medicine Man Technologies Company Profile

(Get Free Report)

Medicine Man Technologies, Inc, doing business as Schwazze, engages in the cultivation, manufacturing, distribution, and retail sale of cannabis and cannabis related products in Colorado and New Mexico. It operates through Retail, Wholesale, and Others segments. The company offers loose flower, concentrates, edibles, pre-rolls, topicals, infused beverages, and other associated cannabis products produced by cannabis vendors; and cannabis and non-cannabis products.