Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) Short Interest Update

Medicine Man Technologies, Inc. (OTCMKTS:SHWZ) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 900 shares, a drop of 89.3% from the August 15th total of 8,400 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is presently 0.1 days.

Medicine Man Technologies Stock Performance

SHWZ traded down $0.19 on Thursday, reaching $0.11. The company’s stock had a trading volume of 3,450 shares, compared to its average volume of 70,731. Medicine Man Technologies has a fifty-two week low of $0.01 and a fifty-two week high of $1.55. The stock has a 50 day moving average of $0.19 and a two-hundred day moving average of $0.50.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and set a $2.50 target price on shares of Medicine Man Technologies in a research note on Wednesday, August 14th.

Medicine Man Technologies Company Profile

Medicine Man Technologies, Inc, doing business as Schwazze, engages in the cultivation, manufacturing, distribution, and retail sale of cannabis and cannabis related products in Colorado and New Mexico. It operates through Retail, Wholesale, and Others segments. The company offers loose flower, concentrates, edibles, pre-rolls, topicals, infused beverages, and other associated cannabis products produced by cannabis vendors; and cannabis and non-cannabis products.