Short Interest in MariMed Inc. (OTCMKTS:MRMD) Grows By 3,178.6%

MariMed Inc. (OTCMKTS:MRMD) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 91,800 shares, an increase of 3,178.6% from the November 30th total of 2,800 shares. Based on an average daily trading volume, of 1,018,000 shares, the days-to-cover ratio is currently 0.1 days.

MariMed Price Performance

MRMD traded up $0.00 during trading on Thursday, hitting $0.12. 916,869 shares of the company traded hands, compared to its average volume of 471,216. The company has a market cap of $45.64 million, a PE ratio of -3.00 and a beta of 2.79. The stock’s 50-day simple moving average is $0.15 and its two-hundred day simple moving average is $0.17. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 1.01. MariMed has a 1 year low of $0.11 and a 1 year high of $0.39.

MariMed Company Profile

MariMed Inc engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature’s Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby’s Baked brand; and drink mix under Vibations brand.