Short Interest in MariMed Inc. (OTCMKTS:MRMD) Increases By 302.2%

MariMed Inc. (OTCMKTS:MRMD) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 125,500 shares, a growth of 302.2% from the September 30th total of 31,200 shares. Based on an average trading volume of 853,800 shares, the short-interest ratio is currently 0.1 days.

MariMed Price Performance

Shares of OTCMKTS MRMD remained flat at $0.17 during midday trading on Friday. The stock had a trading volume of 182,783 shares, compared to its average volume of 450,092. MariMed has a fifty-two week low of $0.14 and a fifty-two week high of $0.39. The stock has a market cap of $62.65 million, a price-to-earnings ratio of -4.13 and a beta of 2.80. The business’s fifty day moving average is $0.17 and its 200 day moving average is $0.20. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.73 and a current ratio of 1.55.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts upgraded shares of MariMed to a “strong-buy” rating in a research report on Thursday, August 8th.

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.