Short Interest in MariMed Inc. (OTCMKTS:MRMD) Expands By 3,178.6%

MariMed Inc. (OTCMKTS:MRMD) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 91,800 shares, a growth of 3,178.6% from the November 30th total of 2,800 shares. Based on an average daily volume of 1,018,000 shares, the days-to-cover ratio is presently 0.1 days.

MariMed Price Performance

MRMD traded up $0.00 during trading on Friday, reaching $0.12. 295,362 shares of the company traded hands, compared to its average volume of 470,512. The company has a market cap of $45.49 million, a P/E ratio of -2.99 and a beta of 2.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.73 and a current ratio of 1.55. MariMed has a 12-month low of $0.11 and a 12-month high of $0.39. The firm has a fifty day simple moving average of $0.15 and a 200 day simple moving average of $0.17.

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.