MariMed Inc. (OTCMKTS:MRMD) Short Interest Update

MariMed Inc. (OTCMKTS:MRMD) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 57,300 shares, a decline of 63.1% from the February 28th total of 155,100 shares. Based on an average daily volume of 723,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

MariMed Trading Down 2.1 %

Shares of MRMD traded down $0.00 during mid-day trading on Friday, hitting $0.10. 184,179 shares of the company’s stock traded hands, compared to its average volume of 376,969. The company has a quick ratio of 0.73, a current ratio of 1.55 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $36.93 million, a P/E ratio of -2.42 and a beta of 2.70. The business’s 50-day moving average price is $0.12 and its 200-day moving average price is $0.14. MariMed has a 1 year low of $0.09 and a 1 year high of $0.34.

MariMed (OTCMKTS:MRMD) last released its quarterly earnings results on Wednesday, March 5th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). MariMed had a negative net margin of 10.97% and a negative return on equity of 2.75%. The business had revenue of $39.00 million for the quarter, compared to analysts’ expectations of $42.00 million.

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.