Short Interest in MariMed Inc. (OTCMKTS:MRMD) Decreases By 93.5%

MariMed Inc. (OTCMKTS:MRMD) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 6,000 shares, a drop of 93.5% from the December 31st total of 91,800 shares. Based on an average daily volume of 1,190,400 shares, the short-interest ratio is presently 0.0 days.

MariMed Stock Performance

Shares of MRMD stock traded up $0.00 on Tuesday, reaching $0.12. The stock had a trading volume of 343,145 shares, compared to its average volume of 279,991. The stock has a market cap of $43.78 million, a P/E ratio of -2.88 and a beta of 2.84. MariMed has a 1 year low of $0.11 and a 1 year high of $0.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.73 and a current ratio of 1.55. The company has a 50 day simple moving average of $0.13 and a 200 day simple moving average of $0.16.

About MariMed

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.