MariMed Inc. (OTCMKTS:MRMD) Sees Significant Decrease in Short Interest

MariMed Inc. (OTCMKTS:MRMD) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,000 shares, a decline of 83.3% from the June 30th total of 6,000 shares. Based on an average daily volume of 1,020,500 shares, the short-interest ratio is currently 0.0 days.

MariMed Price Performance

OTCMKTS:MRMD traded down $0.01 during trading hours on Friday, hitting $0.16. The company’s stock had a trading volume of 448,420 shares, compared to its average volume of 396,954. The company has a market capitalization of $60.75 million, a PE ratio of -4.00 and a beta of 2.80. MariMed has a 52-week low of $0.16 and a 52-week high of $0.55. The business’s 50-day moving average is $0.19 and its two-hundred day moving average is $0.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.73 and a current ratio of 1.55.

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.