MariMed Inc. (OTCMKTS:MRMD) Short Interest Down 93.5% in January

MariMed Inc. (OTCMKTS:MRMD) was the recipient of a significant 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 trading volume of 1,190,400 shares, the days-to-cover ratio is presently 0.0 days.

MariMed Stock Performance

Shares of MRMD traded up $0.00 during midday trading on Thursday, reaching $0.11. The stock had a trading volume of 270,081 shares, compared to its average volume of 271,530. The firm has a market cap of $43.70 million, a PE ratio of -2.87 and a beta of 2.84. The firm has a 50 day simple moving average of $0.13 and a 200-day simple moving average of $0.16. MariMed has a one year low of $0.11 and a one year high of $0.39. 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 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.