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

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

MariMed Stock Performance

MRMD traded up $0.00 during trading on Monday, hitting $0.12. The stock had a trading volume of 64,495 shares, compared to its average volume of 268,928. 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 firm has a market capitalization of $43.74 million, a P/E ratio of -2.88 and a beta of 2.84. The company’s 50-day moving average price is $0.14 and its 200 day moving average price is $0.16. MariMed has a twelve month low of $0.11 and a twelve month high of $0.39.

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.