MariMed Inc. (OTCMKTS:MRMD) Short Interest Up 39.4% in January

MariMed Inc. (OTCMKTS:MRMD) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 81,000 shares, an increase of 39.4% from the January 15th total of 58,100 shares. Based on an average daily trading volume, of 583,400 shares, the days-to-cover ratio is currently 0.1 days.

MariMed Price Performance

MRMD traded up $0.02 during midday trading on Friday, hitting $0.15. The stock had a trading volume of 415,937 shares, compared to its average volume of 366,315. The company has a market cap of $57.15 million, a P/E ratio of -3.75 and a beta of 2.81. MariMed has a 1 year low of $0.11 and a 1 year high of $0.34. 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 business has a fifty day moving average of $0.12 and a 200 day moving average of $0.15.

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.